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| chart from xe.com |
Tuesday, February 4, 2014
RBA Keeps the Cash Rate on hold
The Australian Reserve Bank has stayed the course and left the cash rate on hold at 2.5%. In response AUD:USD has spiked over one cent on the news, even though the "nothing to see, keep moving" stance was widely expected, so much for markets pricing in the future.
Monday, February 3, 2014
U.S. Mint Gold-Coin Sales Jump 63% in January; Silver Triples
Article link
Sales of gold coins by the U.S. Mint rose 63 percent in January to the highest since April as futures rebounded.
The volume climbed to 91,500 ounces from 56,000 ounces in December, while sales of silver coins almost tripled to 4.78 million ounces, the highest in a year, mint data showed yesterday.
In January, gold futures rose 3.1 percent, snapping a four-month slump, as a rout in emerging-market currencies increased demand for the metal as a haven. Mints from the U.S., the world’s biggest, to Australia boosted sales with Austria’s Muenze Oesterreich AG operation running 24 hours a day to meet a surge in demand.
“Any kind of uncertainty attracts people to gold,” Scott Carter, the chief executive officer of Los Angeles-based Lear Capital, said in a telephone interview. “The long-term buyers accumulate gold every time there is a drop.”
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Jan Skoyles - The Paper Silver & Gold Dominoes Are Falling
From SGTreport.com
Published on Feb 2, 2014
Writer and researcher Jan Skoyles joins us to discuss German gold, the paper silver and gold Ponzi, three dead international bankers in one week and the stunning work of her pal Koos Jansen, the man Harvey Organ calls the 'go-to researcher" when it come to Chinese gold accumulation and the Shanghai Gold Exchange.
Published on Feb 2, 2014
Writer and researcher Jan Skoyles joins us to discuss German gold, the paper silver and gold Ponzi, three dead international bankers in one week and the stunning work of her pal Koos Jansen, the man Harvey Organ calls the 'go-to researcher" when it come to Chinese gold accumulation and the Shanghai Gold Exchange.
Sunday, February 2, 2014
Keiser Report: Round Tripping Financial Crisis
From RT
Published on Feb 1, 2014
In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss accounting fraud as the new opium for China and how it is that we keep roundtripping to financial crisis because every time we get to tomorrow we've already spent it yesterday. The also discuss raining the marmite of fraud on a ten foot tall Janet Yellen.
In the second half, Max interviews Mitch Feierstein of PlanetPonzi.com about the unintended consequences of money printing, the China mirage where the GDP statistics are for 'reference purposes only' and about later this year when Greece will also 'roundtrip' its way to a 3% GDP growth mirage.
Published on Feb 1, 2014
In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss accounting fraud as the new opium for China and how it is that we keep roundtripping to financial crisis because every time we get to tomorrow we've already spent it yesterday. The also discuss raining the marmite of fraud on a ten foot tall Janet Yellen.
In the second half, Max interviews Mitch Feierstein of PlanetPonzi.com about the unintended consequences of money printing, the China mirage where the GDP statistics are for 'reference purposes only' and about later this year when Greece will also 'roundtrip' its way to a 3% GDP growth mirage.
Australia's 1 Tonne Gold Coin showcased in Vienna
Not sure what the Surfer's Paradise meter maids were doing in this video, not that I am complaining.
From Perth Mint
From Perth Mint
Saturday, February 1, 2014
Friday, January 31, 2014
Weekend Chillout - We Won't Forget You Ben
Today is the last day for Ben Bernanke in his role as the US Federal Reserve Chairman. Whilst he won't be remembered fondly by all, he really should be by precious metals bugs, for without him stimulating our passion we would never have had the stellar recovery in prices from the 2008/2009 lows.
Mix by underground LA DJ Jessie Andrews
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