As
predicted, and according to recent polls, the Swiss gold referendum was
rejected--by a wide margin. The tell signal was Friday's action in the
precious metals sector as both gold and silver tanked. As usual,
insiders got a preliminary peak at the voter outcome. This occurs quite
often before legislative votes, clinical trial binary outcomes, policy
actions, etc.
Prices of precious metals could
temporarily dip more tomorrow. The financial elite used every tactic in
their anti-gold propaganda and won by a landslide. So the status quo
remains--until more countries look to repatriate their sovereign gold.
Chalk another one up for the banking cartel in their pro-fiat and
anti-gold campaign. This may extend the repression of precious metals
pricing, but it only serves as a springboard for future upside
potential.
http://www.forbes.com/sites/jonhartley/2014/11/30/swiss-voters-reject-increasing-gold-reserves-in-referendum/
Sunday, November 30, 2014
Saturday, November 29, 2014
Rosneft gets stake in Total refinery in Germany
Those economic sanctions against Russia have done nothing to isolate Russia. If anything, the Eurozone is thumbing its nose at the US-led sanctions.
http://rt.com/business/209767-rosneft-share-total-refinery/
http://rt.com/business/209767-rosneft-share-total-refinery/
Labels:
Germany,
Rosneft,
stake,
Total refinery
The Price Of Oil Exposes The True State Of The Economy
The oil bubble bursting is ultimately bearish for crude oil prices, and probably for precious metals, too. But then again, if the tanking economy dooms the USDollar, all bets are off.
http://www.theautomaticearth.com/the-price-of-oil-exposes-the-true-state-of-the-economy/
http://www.theautomaticearth.com/the-price-of-oil-exposes-the-true-state-of-the-economy/
Labels:
economy,
Exposes,
Price Of Oil,
true state
Swiss, French call to bring home gold reserves as Dutch move 122 tons out of US
This begs the question why the Dutch were able to repatriate a smaller amount of gold out of New York, while the Germans could not repatriate a much larger amount.
http://rt.com/business/209591-gold-europe-gold-repatriation/
http://rt.com/business/209591-gold-europe-gold-repatriation/
Labels:
bring home,
Dutch,
French,
gold reserves,
move tons,
out of US,
Swiss
Federal Reserve Confirms Biggest Foreign Gold Withdrawal In Over Ten Years
Not only are Fed vaults empty, they have to replace it with confiscated gold (see here and here). Hence, the Netherlands were able to repatriate 122 tons of gold.
Germany can't repatriate its gold reserves because it no longer exists in Fed vaults. How will other nations like France repatriate their gold reserves? The gold from Iraq and Libya's Gaddafi is long gone.
http://www.zerohedge.com/news/2014-11-29/federal-reserve-confirms-biggest-foreign-gold-withdrawal-over-ten-years
Germany can't repatriate its gold reserves because it no longer exists in Fed vaults. How will other nations like France repatriate their gold reserves? The gold from Iraq and Libya's Gaddafi is long gone.
http://www.zerohedge.com/news/2014-11-29/federal-reserve-confirms-biggest-foreign-gold-withdrawal-over-ten-years
Labels:
Biggest,
Confirms,
Federal Reserve,
Foreign Gold Withdrawal
Friday, November 28, 2014
Frightening Monetary Chaos & A New Global Financial System
John Hathaway again knocks it out of the ballpark with his analysis.
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/11/26_Frightening_Monetary_Chaos_%26_A_New_Global_Financial_System.html
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/11/26_Frightening_Monetary_Chaos_%26_A_New_Global_Financial_System.html
Labels:
frightening,
global financial system,
Monetary Chaos,
new
French Political Leader Wants Gold Back In France
First it was Venezuela, then Germany, then the Netherlands, the Swiss, and now the French. They all want their gold reserves repatriated back to their own sovereign vaults. When the gig is up, the gig is up. See you at $6300/oz. gold.
http://www.kitco.com/news/2014-11-26/French-Political-Leader-Wants-Gold-Back-In-France.html
http://www.kitco.com/news/2014-11-26/French-Political-Leader-Wants-Gold-Back-In-France.html
Monday, November 24, 2014
Sunday, November 23, 2014
Saturday, November 22, 2014
Friday, November 21, 2014
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