- Source, Gold Seek Radio
30 Nisan 2014 Çarşamba
Gold Seek Radio Interviews Eric Sprott
28 Nisan 2014 Pazartesi
The Most Important Thing Eric Sprott Ever Said
23 Nisan 2014 Çarşamba
Gold Should of Been $2400 By Year End
We’ve had many articles in Bloomberg, Reuters, the Financial Times, and others, about manipulation. I think more and more writers are taking it seriously because most everything that’s been suggested was manipulated, proves to be manipulated, and I don’t think gold will be an exception.
What this has caused to happen is the price of gold, from a manipulation point of view, has been released. You don’t see the selloffs that we’ve had before because the manipulators know they are being watched. I’m sure all of the internal audit departments of those banks are all over trying to figure out what their boys were doing to try to limit the size of the lawsuits.
So I think gold has very much had the ceiling taken off of it (in terms of price). Had there been no manipulation we should be at $2,100 gold today and we should be at $2,400 gold by the end of the year.
What this has caused to happen is the price of gold, from a manipulation point of view, has been released. You don’t see the selloffs that we’ve had before because the manipulators know they are being watched. I’m sure all of the internal audit departments of those banks are all over trying to figure out what their boys were doing to try to limit the size of the lawsuits.
So I think gold has very much had the ceiling taken off of it (in terms of price). Had there been no manipulation we should be at $2,100 gold today and we should be at $2,400 gold by the end of the year.
- Eric Sprott via King World News, Read the Full Article Here:
21 Nisan 2014 Pazartesi
Gold Market Manipulation is Worse Than LIBOR
On January 17th the (German) regulator came out and said it was possible the manipulation of the gold market could be worse than LIBOR.
But what’s happened in the last couple of weeks is we’ve had some lawsuits filed, and one of the lawsuits was filed by a legal firm that I had been in touch with a couple of weeks earlier. This law firm was the co-lead law firm in the LIBOR scandal. I’m sure they will be involved in the Forex scandal as well.
They’ve hired on a group that’s done all the investigative work on the previous scandals. So this is a serious investigation in terms of generating prima facie evidence of manipulation. I don’t think this is going to go away -- it’s going to get bigger.
I phoned them (the law firm) because I wanted to get involved in a class action lawsuit. I don’t know whether I will at this point in time because I’m Canadian and the lawsuit is filed in the U.S., but I think there is lots of energy behind the claims that we all have of manipulation.
But what’s happened in the last couple of weeks is we’ve had some lawsuits filed, and one of the lawsuits was filed by a legal firm that I had been in touch with a couple of weeks earlier. This law firm was the co-lead law firm in the LIBOR scandal. I’m sure they will be involved in the Forex scandal as well.
They’ve hired on a group that’s done all the investigative work on the previous scandals. So this is a serious investigation in terms of generating prima facie evidence of manipulation. I don’t think this is going to go away -- it’s going to get bigger.
I phoned them (the law firm) because I wanted to get involved in a class action lawsuit. I don’t know whether I will at this point in time because I’m Canadian and the lawsuit is filed in the U.S., but I think there is lots of energy behind the claims that we all have of manipulation.
- Eric Sprott via a recent King World News interview, read more here:
19 Nisan 2014 Cumartesi
Baby Boomers Are Being Forced Out of Retirement
Baby boomers are failing to make ends meet and have to work for longer or even come out of retirement, and that the future workforce, those in their prime working years, are leaving the labour force.
Interestingly, without the “3% contribution” from the 55+ cohort, the labour force would have fallen below 60% for the first time since 1971, a period when the participation rate was starting to expand, driven mainly by women entering the workforce.
But that’s not all; many of those in their early 20s, seeing how hard it is to find a job, are staying in college for longer, amassing outrageous levels of student debt in the process. This is obviously not a sustainable solution. Delinquency rates on student loans (the bulk of them insured by the U.S. Government) are now at all-time highs (Figure 2). Most of these student loans have been securitized and sold to investors with the Government’s stamp (sound familiar?).
Interestingly, without the “3% contribution” from the 55+ cohort, the labour force would have fallen below 60% for the first time since 1971, a period when the participation rate was starting to expand, driven mainly by women entering the workforce.
But that’s not all; many of those in their early 20s, seeing how hard it is to find a job, are staying in college for longer, amassing outrageous levels of student debt in the process. This is obviously not a sustainable solution. Delinquency rates on student loans (the bulk of them insured by the U.S. Government) are now at all-time highs (Figure 2). Most of these student loans have been securitized and sold to investors with the Government’s stamp (sound familiar?).
- Source, Eric Sprott via:
17 Nisan 2014 Perşembe
Gold, Silver and Common Sense Investing
Supply is tight and physical demand is high for both metals. However, in this category silver really shines. Some of the greatest writers in the bullion field have already laid the foundation for understanding how much above ground silver there really is. Look no further than Ted Butler or Eric Sprott. In short it has been used and abused at very low prices for more than three decades. In the case of Butler, his arguments have been so compelling that he makes a case for there actually being less above ground silver than gold at present time.
There were billions of ounces in January of 1980 when silver reached its all-time historical high of $52 per ounce. Fast forward to 2014 and it is said that there is now less than 900 million above ground ounces available not just for the thousands of applications and critical industrial uses but for all of the world’s total demand.
At today’s price of approximately $20.00 per ounce, 900 million ounces would be valued at about $18 billion dollars. One large investor could literally turn the market on its head. (Store this little tidbit and recall it when you have already purchased bullion and you are trying to convince others to do the same.)
There were billions of ounces in January of 1980 when silver reached its all-time historical high of $52 per ounce. Fast forward to 2014 and it is said that there is now less than 900 million above ground ounces available not just for the thousands of applications and critical industrial uses but for all of the world’s total demand.
At today’s price of approximately $20.00 per ounce, 900 million ounces would be valued at about $18 billion dollars. One large investor could literally turn the market on its head. (Store this little tidbit and recall it when you have already purchased bullion and you are trying to convince others to do the same.)
- Source Shanghai Metals Market:
Kaydol:
Kayıtlar (Atom)