أخبار الذهب والفضة - تحليل شخصي اسبوعي متجدد للسوق العالمية باللغة الإنجليزية

[SETS]

Dear Friends,
This is the last major attack on gold and silver before we trade over $3,000-$3,500. Don’t take our word for it, watch and see for yourself.
Our objective is to stand strong and weather this last storm. It is known that the last 17 months have been frustrating. No one has gained but this will certainly change quicker than most think.
Without any doubt gold and silver have been blasted for one reason, to take out the longs before we witness what we have been calling for, a major rise in price over the shortest period of time. This is a repeat of 1979!
Jimmy says it best, hate me now be my friend in March.

We have been here before. GOLD WILL FLY!

We have just reached the ideal pivot for gold to form a base and move higher as it did after the 16 month consolidation in 2006-2007.
First stop: $2,020 (quick and fast correction than off to $3,500)



Insight:
Interesting that the day the G20 meets, all news out is gold bearish…
"Soros dumps gold"
"NY Empire beats expectations"
"Cleveland Fed head talks about early end to QE"
"Consumer sentiment up"
"US sanctions eliminate gold flow from Turkey to Iran"
"Citigroup cuts gold miners to sell"

Central banks last year bought most gold since 64
FRANKFURT (MarketWatch) — The world s central banks last year bought 534.6 tons of gold in 2012, the most since 1964, as global gold demand hit a record value level, the World Gold Council said Thursday in a quarterly report. Purchases by central banks for the full year rose 17% compared with 2011, while fourth-quarter purchases of 145 tons marked a 29% rise from the same period a year earlier. "Central banks move from net sellers of gold to net buyers that we have seen in recent years has continued apace," with official sector purchases across the world now at their highest level for almost half a century, said Marcus Grubb, managing director for investment at the World Gold Council. In value terms, total gold demand in 2012 was $236.4 billion, an all-time high, the council said.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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I have overlaid QE2/QE3 over the below price chart. The accumulation by the sociopaths is monumental here. I do hope they have entirely flushed the overleveraged cokeheads out of the market. We will then see a surprise news event that propels gold up to and beyond $3500.

Once again we are starting the day with the "usual" Muppet-beating in the CRIMEX paper spot markets for Gold and Silver. The ‘beatings’ will continue until the lower ‘stops’ are run, more Muppets are ‘scared’ out of their positions, and the elevated Open Interest (which has so far stubbornly refused to cave in, which is tremendously annoying AND concerning to the Cartel) falls.
Ignoring for a moment the criminal collusion and paper market manipulation on the CME, consider this:
- Central Banks have bought the most Gold since 1964. In 2012 Central Banks bought 17% more Gold than they did in 2011, the 8th consecutive quarter of Central Banks being net buyers of Gold.
- Silver bullion shortages continue to be rumored. First it was Apple production being delayed, then the US mint halted production of Eagles, and now Germany’s largest automaker is hoarding physical Silver in a Swiss vault because ‘there is no just-in-time’ delivery of physical anymore.
Makes you go "hmmmmmm…" does it not?
It was no ‘accident’ that Rick Santelli recently said from the trading floor of the CME that it was ‘impossible to be a trader’ in this market today. Jim told you that when gold broke above $529.40. One would think that the ‘invisible hand’ and friends do not want anyone else to hold bullion, wanting it exclusively for themselves.
I think this is the "big flushout" of weak hands and newcomers, and after this dramatic drive-by Muppet-shooting is over there will be a big rally once the big boys figure they stand to gain the most from it.


Comments
The operation in gold is the same day after day. They are so blatant that the gold banks can teach the gold world a lesson on who is in charge. It is totally obvious.
In 2500 years gold has squashed those that thought themselves more powerful than the laws of nature, which is the basics for economics.
How in the world do you take down at the same time in the same place every day when liquidity is the lowest in true liquidation of physical hold investment positions?
This is 1979 all over again.

How gold will benefit from a currency war
By Myra P. Saefong, MarketWatch
SAN FRANCISCO (MarketWatch) — Talk of a so-called currency war has been heating up, and it might finally light a fire under gold, too.
Efforts by countries such as Japan to boost growth with massive stimulus programs — which in turn have devalued their currencies, an aid to exports — can benefit prices for gold. These have started to alter the precious metal’s relationship with the foreign-exchange market and expand its role as a safe-haven asset.
“We are now moving irrevocably to a time when gold will measure currencies, not currencies measure gold,” said Julian Phillips, a South Africa-based contributor and founder at GoldForecaster.com.
Historically, the precious metal trades inversely to the U.S. dollar DXY +0.14% , as it did on Thursday. It was a usual story: gold prices fell as the greenback strengthened at the expense of the euro EURUSD -0.0294%.
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U.S. gold bars and coins find new home overseas on Asian demand
The flow of money from West to East illustrates the flow of power. He who controls the gold makes the rules.
Headline: U.S. gold bars and coins find new home overseas on Asian demand
By Frank Tang NEW YORK, Feb 11 (Reuters) – Booming demand for gold as a store of wealth among Asian investors is driving physical gold bars and coins out of the United States and into Asia.
A growing number of gold vaults for affluent Asians and new precious metals investment products, particularly exchange-traded funds, have led to an exodus of gold owned privately from the United States into emerging economic powers such as China.
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Secret IMF report: Hide gold loans and swaps for market manipulation
Submitted by cpowell on Tue, 2012-12-11 04:53. Section: Documentation
11:58p ET Monday, December 10, 2012
Dear Friend of GATA and Gold:
Western central banks conceal their gold loans and swaps because information about them is "highly market-sensitive" and accountability about them would hinder secret currency market interventions by central banks, according to a confidential report by the International Monetary Fund obtained this week by GATA.
The report, provided to GATA by its researcher R.M., was written in March 1999 as the IMF staff proposed to strengthen financial reporting standards for central banks. The report shows that the objections by gold-lending central banks were decisive in weakening the standards. While the first draft of the new reporting rules would have required disclosing central bank gold loans and swaps, the revised rules, later adopted, allowed central banks to hide their gold loans and swaps within their gold reserves and even not to disclose the amount of their monetary gold at all, just the value assigned to it.
That is, the explicit but secret policy of Western central banking toward gold is to deceive and manipulate markets, as GATA long has complained.
The confidential IMF report says that to strengthen its financial reporting standards for central banks — its Special Data Dissemination Standard reserves template — IMF staff members consulted top officials of the organization as well as the Bank for International Settlements, the European Central Bank, the Bank of England, the German Bundesbank, the Bank of France, and other European central banks.
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Comments
The stuff the absolute bottoms are made of in any market.
Gold Bears Braced for U.S. to China Growth Recovery: Commodities
By Nicholas Larkin – Feb 15, 2013 9:01 AM ET
Gold traders are the most bearish in more than a year on mounting speculation that improving economic growth from the U.S. to China will curb demand for this year’s worst-performing precious metal.
Twenty analysts surveyed by Bloomberg this week expect prices to fall next week, while 11 were bullish and three were neutral, making the proportion of bears the highest since Dec. 30, 2011. Hedge funds cut bets on higher prices by 56 percent since October and are approaching their least bullish stance on gold since August, government data show. The metal fell to a five-month low today, and billionaire investors George Soros and Louis Moore Bacon reported yesterday that they had reduced stakes in exchange-traded products backed by gold.
First-time jobless claims in the U.S. decreased more than estimated last week, while a Chinese government-backed survey showed manufacturing expanded in January. Growth will accelerate in the world’s two largest economies in coming quarters, according to more than 100 economists surveyed by Bloomberg. Investors cut record bullion holdings in exchange-traded products this year and added to funds backed by other precious metals that are used more in industry.
“The global economic recovery is on track,” said Andrey Kryuchenkov, a commodity strategist in London at VTB Capital, a unit of Russia’s second-largest lender. “The persistently decent macro data is denying gold its usual safe-haven properties. You can get better returns elsewhere.”
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Comments
This does not include the explosion in gold being brought into India illegally as the government attempts the impossible. That impossibility is to convince Indians to hoard paper gold, not the real thing.
Jan gold imports surge 23 percent, hit 18-month top
By Siddesh Mayenkar
MUMBAI | Fri Feb 15, 2013 6:06pm IST
(Reuters) – India’s gold imports in January surged 23 percent from a year ago to their highest in 18 months as traders snapped up supplies ahead of a hike in duty, undermining the government’s efforts to control a ballooning current account deficit
The world’s top bullion buyer imported 100 tonnes of gold last month, the head of the Bombay Bullion Association said on Friday. This is about 40 percent more than the country’s average monthly imports last year.
"The total imports figure for 2012 was around 860 tonnes, so 100 tonnes in a month is too high. Also oil is trading firm above $95 (per barrel), so this will impact the oil import bill and overall deficit targets," said Navneet Damani, associate vice president with Motilal Oswal Commodities.
Alarmed by the mounting current account deficit that hit a record 5.4 percent of gross domestic product in July-September the government moved to rein in its gold imports — second only to oil in value — by raising the import duty on the precious metal to 6 percent from 4 percent on January 21.
"So many people imported and dumped gold after rumours from the first week of January of an import duty hike. People waited for the duty to increase and earn more profits," said Mohit Kamboj, president of the Bombay Bullion Association.
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Note:
Perhaps the gold bears should see this chart and realize they are patsies for the BRICS. Have a good weekend and thanks for being there for us all.

Note:
I am an “evil speculator” (hedge fund manager) based in New York City. The professionals that I work with and the money of families that we manage represents $10s of billions.
I, too, agree that the price “events” will be resolved on or before the end of March. The manufactured movements in gold and silver futures markets are becoming, as you have acknowledged many times, so obvious to market participants as to show a blatant sign of weakness. Some time ago, we began trading these “events” in the paper market – anticipating obvious declines, profiting to the downside, removing our fiat profits from the paper system, and buying bullion in (further exacerbating the physical divergence). This is gold we will not sell until full valuation is reached (or you pry from our cold dead hands). I, of course, would not recommend that any of your non-professional readers attempt this type of trading activity, but it might be nice for them to know that there are some sharks out there on their side. As you know, we are not the only ones doing this. The sharks smell blood in the water and are beginning to circle.
Today’s flush was a gift.

Giving up your gold at these price points knowing nothing is fixed? Just crazy! Add to your positions and do what the Chinese are doing at these prices, BUY. They are most likely unloading their USD positions by supplying miner’s equity to dig gold up for them. Too bad CHINA knows how to send bad CURRENCY after good MONEY and the US does not know how to manage their own. This is yet another reason that will send the US dollar lower and gold higher with the mining shares.
Click here to read the article…


Comments
I am posting the title of this UBS article not because I agree with every word and point contained within the article. This is being posted because it is a major voice saying that gold is the tool to balance the balance sheets of the deficit kings.
This will occur. However it will not occur by edict, but rather in the cash market.
Do not lets the devils fool you in the gold market because they know what gold is going to do and why. That knowledge is exactly what I have told you.
This is why they are so intent in their pressure of the fake paper gold market in order to getting you to panic. Do not.
Fault lines
Gold – the ultimate balance sheet equalizer
Caesar Lack, PhD, economist, UBS AG
[email protected]
Illinois’ credit rating downgraded; state drops to worst in the nation
01/26/13
by Sean Lewis
A warning came Saturday morning from state treasurer Dan Rutherford (R) IL State Treasurer. The Standard and Poor’s downgrade from A to A-minus puts Illinois last on the list– and means a higher cost to borrow money.
On Wednesday, the state will issue $500 million in new bonds to pay for roads and other transportation projects. Rutherford says the credit downgrade will cost taxpayers an additional $95 million in interest,
When compared to a perfect triple-a bond rating enjoyed by other11 states including neighboring Indiana, Iowa and Missouri.
“Our problem in Illinois is that we have not substantively and fairly addressed the state public pension issue.”
Rutherford points to Governor Quinn and the democratically controlled general assembly for making matters worse in the last two years– raising taxes but not acting on pension reform.
“This problem didn’t come along just now it’s been accumulating for actually decades. Each time the governor set a deadline and didn’t meet it there was some negative reaction,” he said.
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Comments
There are no points for knowing things before others, but you first read the following here years ago.
A man’s legacy is the last thing he said. If you believe this cannot happen wherever you are, you are so wrong.
Hollande Tiptoes Toward Raid on Pensions With EU Pressure
By Mark Deen & Helene Fouquet – Feb 15, 2013 2:28 AM MT
President Francois Hollande is preparing to take on a French sacred cow: pensions.
Facing European Union pressure to reach budget targets, the Socialist president is risking the wrath of his core supporters to shrink the pension system, which had a deficit of 14 billion euros ($19 billion) in 2011.
While leaving the issue of fixing the retirement age to talks between representatives of employees and employers, Hollande may propose separating pension increases from inflation, government officials said. He’s venturing upon a pension overhaul — which few of his predecessors have managed without drawing millions into the streets — as his government says it’s unlikely to meet this year’s budget-deficit target.
Hollande is preparing “public opinion, rating agencies and markets for a drift in the deficit while at the same time conveying a sense that the country is taking steps to address its structural shortcomings,” Gilles Moec, co-chief European economist at Deutsche Bank in London. “France is walking a tightrope.”
Nine months into his presidency, Hollande is grappling with an economy on the brink of its third recession in four years and the highest joblessness since 1998. Prime Minister Jean-Marc Ayrault said Feb. 13 that France wouldn’t make its budget- deficit target of 3 percent of gross domestic product this year as the economy fails to generate growth and tax receipts.
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Nearly half of Americans are one emergency from financial ruin
By Shan Li
January 30, 2013, 11:39 a.m.
Nearly 44% of American households are one emergency away from financial ruin.
That means they don’t have enough savings to cover basic living expenses for three months if something unforeseen happens such as losing a job or falling sick, according to a recent study by the Corporation for Enterprise Development. Almost a third of Americans have no savings account at all.
"These families have had to prioritize today’s expenses over tomorrow’s goals," said Andrea Levere, the group’s president.
California ranks 38th among all states for the ability of its residents to achieve financial stability, the report says. Those living in the Golden State are bedeviled with an average $13,825 in credit card debt and high housing costs.
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Gangster Bankers: Too Big to Jail
How HSBC hooked up with drug traffickers and terrorists. And got away with it
By Matt Taibbi, Rolling Stone,
"The deal was announced quietly, just before the holidays, almost like the government was hoping people were too busy hanging stockings by the fireplace to notice.
Flooring politicians, lawyers and investigators all over the world, the U.S. Justice Department granted a total walk to executives of the British-based bank HSBC for the largest drug-and-terrorism money-laundering case ever. Yes, they issued a fine – $1.9 billion, or about five weeks’ profit – but they didn’t extract so much as one dollar or one day in jail from any individual, despite a decade of stupefying abuses."
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