November

Neuflize's Moute Sees Gold at $1,600 Within 'Months': Video

Nov 30 2009 Bloomberg.com

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Francois Moute, chairman of Neuflize Private Assets, talks with Bloomberg's Haslinda Amin about his forecast for the price of gold.

Moute, speaking in Singapore, also discusses Dubai’s attempt to reschedule its debt, and the outlook for the yuan, oil markets and global economy.

Please click on the link below to watch the video.

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World Gold Council's new Chairman sees $2,000 gold price next year

Nov 30 2009 Youtube

Youtube

Fox Business News - The future of Gold hosted by Liz Claman

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Liam Halligan: Benign neglect may transform dollar from safe to danger

Nov 30 2009 The Telegraph

The Telegraph

Last week, America's currency fell to a 15-month low against the euro, cutting through $1.5050. Against a trade-weighted currency basket, the dollar was also at its weakest since July 2008. The greenback plunged to parity with the rock-solid Swiss franc, then hit a 14-year low against the yen.

The dollar's weakness is based on fundamentals – not least America's jaw-dropping debt. It's a long-term trend. From the start of 2002 until the middle of last year, the dollar lost 30pc on a trade-weighted basis.

It was during the summer and autumn of 2008, though, that the sub-prime debacle entered its most vicious phase (so far). The rescue of Fannie Mae and Freddie Mac, America's quasi-state mortgage-lenders, followed by the Lehman collapse, sent sh

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Silver market analyst Ted Butler interviewed by King World News

Nov 30 2009 King World News

King World News

Ted’s work is followed by many institutions, such as Sprott Asset Management and PFS Group.  He has researched the commodity markets actively for 3 decades.  Internationally well known for his writings on silver, gold, commodities and the COT (commitment of traders) report.  In this interview Ted discusses the gold and silver markets and the underlying commitment of traders report.

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Max Keiser: Germany will buy gold soon

Nov 30 2009 Youtube

Youtube

Fresh fears over the size of Dubai's debt have sent shock waves through international markets, with major stocks and oil prices falling sharply. Dubai World, the country's largest conglomerate, wants to suspend payment on its sixty billion dollar debts until next May at the earliest. RT's financial contributor Max Keiser says the World is entering the Phase Two of the global economic crisis.

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China, gold, and the civilization shift

Nov 27 2009 The Telegraph

The Telegraph

Stephen Jen from the hedge fund Blue Gold Capital has a warning for those who think that gold has risen far too high, is necessarily in a speculative bubble, and must soon come clattering back down.

Mr Jen is an expert on sovereign wealth funds from his days at Morgan Stanley. The gold story — essentially — is that the rising economic powers of Asia, the Middle East, and the commodity bloc are rejecting Western fiat currencies. China, India, and Russia have all been buying gold on a large scale over recent months.

Why should that stop when the AAA club of sovereign debtors is pushing towards the danger threshold of 100pc of GDP?

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Greece and Dubai show system remains unstable

Nov 27 2009 The Financial Times

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A watershed in the derivatives world could be reached this week: the cost of insuring against a bond default by Greece, using credit derivatives, may rise above the comparable metric for Turkey for the first time.

Just two short years ago, that would have seemed almost inconceivable to most credit default swaps traders, never mind proud Greek politicians. After all, in 2007, the Turkish CDS spread – like that of many “emerging markets” – was trading at about 500 basis points on perceived fiscal risks.

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Video: Largest Anglo-Saxon hoard ever found valued

Nov 27 2009 Daily Express

Daily Express

The Staffordshire Hoard, the largest collection of Anglo-Saxon treasure ever found, has been valued at £3.28 million.

Please click on the link below to watch the video.

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Organic Mechanics

Nov 27 2009 The Financial Times

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What do you call a financier in search of the iron laws of human behaviour? Answer: someone with a bad case of “physics envy”.

That is the peculiar psychological disorder diagnosed by Andrew Lo, a professor of financial engineering, as afflicting bankers and economists. Symptoms include a desperate search for the predictive certainty that comes from the hard sciences.

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Fed will destroy itself, and gold price is rigged, Paul tells CNBC

Nov 26 2009 Lew Rockwell

Lew Rockwell

Congressman Ron Paul’s quest to bring down the Federal Reserve continues. In a CNBC interview this morning he reiterated again his firm position against the activities of the Federal Reserve being conducted in secret. Paul believes there are many questions which Fed legitimately needs to answer on its activities. He thinks the public should have the right to know how, when, and to whom the nation’s central bank lends its money.

According to Paul, whose basic premise in his fight against the Fed is Einstein’s “Don’t expect the people who caused a problem to solve it,” 75% of people want to see the

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Is Gold in a Bubble? by Robert Blumen

Nov 26 2009 Lew Rockwell

Lew Rockwell

Gold has recently broken out to new highs, topping $1150/ounce. The financial media doesn’t trust this move. Widespread commentary has it that gold is in a bubble. Google reports numerous hits for a search on "gold bubble nov 2009." Financial writer and frequent television guest Dennis Gartman agrees:

"It is a gold bubble and to say otherwise it’d be naïve," Gartman said. He called the trade on the precious metal: "mind boggling and unbelievably crowded," but also said he is currently long – or betting gold will go higher.

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Which of the “Rich Four” Countries Will Default First?

Nov 26 2009 Money Morning

Money Morning

Volume in the credit default swap market for rich countries has soared and so have credit spreads, according to a recent Financial Times story, while volume in emerging markets CDS has stagnated. In other words, traders are betting against the governments with high budget deficits, like Britain and the United States, as well as against those with high debt levels, like Japan and Italy.

So is there really a substantial chance of a big rich-country default, and what would it look like if it happened?

It’s not obvious which of the “Rich Four” countries would go first.

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President of the World Bank Group: Heed the danger of asset bubbles

Nov 26 2009 The Financial Times

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As the world begins to recover from the worst downturn since the Great Depression, the conventional wisdom is that we have employed lessons of the past effectively: a flood of money; a dose of fiscal stimulus; and an avoidance of the worst trade protectionism. We even have Ben Bernanke, a scholar of the Depression, at the helm of the US Federal Reserve. So what could we be missing?

The old playbook may have new, unintended consequences. Last year, when governments faced financial markets paralysed by possible failure of counterparties, they used the tools they had, even if an imperfect fit. To keep credit flowing, central banks opened the money spigots. When traditional monetary tools were insufficient, they invented new ones to buy or lend against assets. And it worked.

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Emerging Market Central Banks Have Scope To Buy More Gold

Nov 25 2009 FX Street

FX Street

Central banks of emerging markets have substantial scope to expand their gold reserves given their underweight position in the metal relative to developed market central banks, Stephen Jen, managing director of macroeconomics and forex at BlueGold Capital Management, said in a report dated Monday. According to the report, the average gold holding ratio, or gold holdings as a percentage of total foreign exchange and gold reserves, of the U.S., Japan, ECB, UK, Germany, Italy, France and Switzerland is 37.9% on average.

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The Dollar Bubble

Nov 25 2009 National Inflation Association

National Inflation Association

 

NIA: "Our new must see documentary on the collapse of the U.S. dollar! Become educated so that you can survive and prosper while many Americans enter poverty!"

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Cold Turkey Thanksgiving 2009

Nov 25 2009 GoldSeek

GoldSeek

"The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it. The process by which banks create money is so simple the mind is repelled."

John Kenneth Galbraith (1908- ), former professor of economics at Harvard, writing in Money: Whence it came, where it went (1975).

JK Galbraith’s statement that complexity is used by modern economics to confuse the truth about money is a fact. Simply put, bankers replaced money with credit and debt in order to profit by the indebting of others. It’s why bankers are now so rich. It is also why others are now so poor.

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Gold as a tactical inflation hedge

Nov 25 2009 World Gold Council

World Gold Council

A presentation by Natalie Dempster of World Gold Council. Please click on the link below to watch the video.

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CNBC's Santelli blurts it out: Central banks suppress gold

Nov 25 2009 CNBC

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Three ways to tell when gold's bull market is over

Nov 24 2009 MoneyWeek

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Today, I want to take a look at the bigger picture for gold.

As you'll probably know by now, I believe we are in a long-term bull market for gold and silver, so I hold a core position in these metals at all times. Of course I have my short-term trading money as well, to play any opportunities I see along the way. Sometimes I get these calls right and I make money, sometimes I don't.

Looking at the shorter-term picture for gold, I think sentiment is a little too euphoric, that there is too much hot money in the sector and so we are due some kind of shake-out. But I won't be selling any of my core holding. Because in the long-term I think we are going a lot higher. And, short-term, it is too easy to get the call wrong.

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New gold bugs making gold investments mainstream

Nov 24 2009 MarketWatch

Market Watch logo

Gold has long been favored by a fringe of the investment world, but this year some of the world's leading hedge-fund managers have loaded up on the precious metal amid concern government efforts to avoid another Great Depression that could undermine major currencies and fuel rampant inflation.

"I have never been a gold bug," Paul Tudor Jones, chairman of hedge-fund giant Tudor Investment Corp., wrote in an Oct. 15 letter to investors. "It is just an asset that, like everything else in life, has its time and place. And now is that time."

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