Whew. Have you ever taken a huge bucket of coins to one of those coin machines that counts the money. They’re noisey like this market. The commentary on the stock market, the federal reserve, currencies and the precious metals market has nearly become deafening. We’ve been reading through massive amounts of brand new material in search of meaning. What seems to be the prevailing issue right now is that there needs to be a return to “sound money” and at the same time the people that are advocating for it are beginning to realize the dangers.
Whether you’re talking about incoming California Jerry Brown’s revelation that the California situation is worse than expected, or Ron Paul saying “Yes” to the idea of ending the fed and now being in a position to do something about it, the story is the same. It can be easily summarized by the response to Max Keiser’s “call to coins” of “Crash J. P. Morgan ~ Buy Silver”…. then what.
As the push for physical delivery of precious metals continues to rise in the consciousness, issues such as the cost of holding an idle asset, forms of exchange for goods and services, are meeting the reality that J. P. Morgan and the Federal Reserve (and to a large extent the U.S. Government) are all one in the same. What starts off sounding like a call to protect our freedoms is evolving into a call to anarchy. So, what’s an idea person to do?
To start with, make sure you get your facts straight. That’s why we’re continuing to delve into the reality of our circumstances. One of the best comments I have heard was a YouTube video where a guy said “If we hadn’t printed fiat currencies then Saudia Arabia would have ended up with the entire world’s gold supply.” He actually had a very good point. But now, what do we do about it?
Here’s an excellent post that is linked to a detailed report on gold as it relates to the Bank for International Settlements (the end of the line for all things of global fiat monetary importance) where Ben Bernanke’s real boss hangs out.
Read the post and don’t miss the key link to a report in the second sentence which is titled below. Here’s the link: http://financeandeconomics.org/Articles%20archive/2010.12.16%20BIS.htm
INFORMATION ON THE GOLD MARKET ACTIVITIES OF THE BANK FOR INTERNATIONAL SETTLEMENTS (“BIS”) PRESENTED AT THE GOLD SYMPOSIUM IN SYDNEY ON 9TH NOVEMBER 2010
Here’s a link to a fairly objective piece that gives some of the facts about silver: http://acrossthestreetnet.wordpress.com/2010/12/15/what-the-silver-vigilantes-understand-that-you-probably-dont-arithmetic-human-nature-and/
Here’s a link to a piece by Mike Shedlock that has received a lot of criticism from the silver bulls. I don’t have an opinion on it, but I did notice that Mr. Shedlock has advertising on his site from GoldMoney. I don’t believe their model is based on physical delivery: http://globaleconomicanalysis.blogspot.com/2010/12/still-more-hype-regarding-silver-just.html
Here’s a piece that also falls in the silver bull category, but is a recap of recent events and market commentary: http://silverstockreport.com/2010/jp-morgan-silver-short.html
Here’s another very enthusiastic piece on silver, but as always take note of anything “enthusiastic:” http://www.benzinga.com/10/12/706193/js-kim-explains-why-the-south-korea-sampoong-superstore-disaster-provides-a-good-analog
Here’s a piece from KingWorldNews.com where they outline the price of precious metals based on an “adjusted for inflation” model: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/12/15_John_Williams_-_Massive_Selling_of_US_Currency_Lies_Ahead.html
Here’s a blog post from the Wall Street Journal on silver: http://blogs.wsj.com/source/2010/12/15/silver-debunking-the-myths/
Here’s an article from MarketShorter.com and it links out to four more articles at the bottom: http://marketshorter.com/index.php?option=com_content&view=article&id=38:silver-takes-on-jp-morgan&catid=11:shorts&Itemid=91
This falls under the category of “archive” as it is a YouTube video analysis of the Andrew Maguire interview with King World News back in April. I missed this previously: http://www.youtube.com/watch?v=_0QnMzzRboY
Here’s a link to a letter from Adrian Douglas of the Gold Anti-Trust Action Committee addressed to Bart Chilton of the Commodity Futures Trading Commission outlining questions about the potential off-shoring of short positions in the precious metals market by banks such as J. P. Morgan in an effort to make an end-run around regulators: https://marketforceanalysis.com/article/latest_article_112010.html
Here’s a report that outlines how silver will be best metals performer for 2011:http://www.caseyresearch.com/gsd/edition/silver-40-will-be-best-metals-performer-2011 Here’s a link to a CNBC Fast Money segment where Doug Kass sees lower prices going forward for gold and huge volatility:
UPDATE DECEMBER 29, 2010: I haven’t read this entirely, but my instinct is that it contains some real gems and an excellent debate: http://fofoa.blogspot.com/
UPDATE DECEMBER 31, 2010: This is a big post on macroeconomics and the precious metals, pour yourself an extra cup: http://news.goldseek.com/GoldenJackass/1293653008.php