Gold Standard News Daily
|Listen to Gold Standard News Daily:|
|Gold Standard News Daily Archives:|
5.3.13 - The Incredible Shrinking Small Businessman
Gold prices inched higher Friday amid bargain hunting and a weaker dollar. U.S. Gov revises jobs data upward, stocks rocket. Gold last traded at $1,470 an ounce. Silver last traded at $24.11 an ounce.
MARKET NEWS HEADLINES
Self-Employed Americans At Record Low - EconomicCollapseBlog
The percentage of Americans that are working for themselves has never been lower in the history of the United States. Once upon a time, the United States was a paradise for entrepreneurs and small businesses, but now bureaucrats that dominate our society have created a system that absolutely eviscerates them.
At this point, only about 7 percent of non-farm workers are self-employed. That is depressingly low. We are not fostering a spirit of entrepreneurship in America today. In fact, we seem to be doing everything that we can to kill it off.
Joblessness: Keeping Up, Not Getting Ahead - NYTimes
The share of American adults with jobs has barely changed since 2010, hovering between 58.2 percent and 58.7 percent. This employment-to-population ratio stood at 58.6 percent in April. That is about four percentage points lower than the employment rate before the recession, a difference of roughly 10 million jobs. In other words, the United States economy is not getting any closer to recreating the jobs lost during the recession.
This lack of progress has been obscured by the steady decline of the high-profile unemployment rate, which continued in April. But the unemployment rate is easily misunderstood. The government counts as unemployed only those who are actively looking for new jobs. As people have given up, the unemployment rate has declined – not because more people are working, but because more people have stopped looking for work.
Rule - What Investors Should Do With Their Money Right Now- Wall Street Journal
At the president's news conference Tuesday, when a reporter wondered whether setbacks on gun control and the sequester suggested Mr. Obama was having problems pushing his second-term agenda, the president replied, "Well if you put it that way, Jonathan, maybe I should just pack up and go home."
Whoa, big fella. The presidency is a big game. We want you suited up and on the floor. That the presidency attracts individuals focused on Number One is no revelation. But it has always been possible that one of them would disappear so far into the ethers of ego that neither he nor anyone else would know where the country was going. In an all-media world, that's not good, and even dangerous.
TOP NEWS STORIES OF THE WEEK
Fed Keeps Interest Rates Low, Continues Bond Buying Program- CNBC
Arizona lawmakers pass bill making silver, gold legal tender - Reuters
U.S. economy enters another spring swoon-Market Watch
Down on Gold? Here's Why You Should Be Buying - CNBC
4.23.13 - Slow Global Growth, Physical Gold Sales Surge
Gold closes weaker on Tuesday amid bearish outside markets, chart consolidation. Stocks rise for third consecutive session. Gold last traded at $1,410 an ounce. Silver last traded at $22.86 an ounce.
MARKET NEWS HEADLINES
The global economy is losing steam - CNN Money
Last week, the International Monetary Fund cut its outlook for global growth. They now believe the world economy will grow by only 3.3% in 2013, a prediction considered overly optimistic by other economists.
The Government's across-the-board spending cuts have only just begun, and will total $85 billion through September. They are expected to prevent the U.S. economy from growing beyond 2% this year.
After the flash crash in gold: Andy Xie - Market Watch
As quantitative easing continues to occur all over the world, such flash crashes will recur. There is a possibility that mass panics, resulting from these flash crashes, could change the trajectory of some of these economies.
According to Andy Xie, "Gold has bottomed. The recent price gyration is manufactured to benefit big speculators at the expense of gold buyers in emerging economies. Physical gold demand is from emerging economies, but the financial market resides in New York and London; it is a heavily manipulated market."
Physical gold sales surge as retail investors cash in - Mineweb
Usually, gold buyers do not go to the U.S. Mint due to their hefty premiums. However, Investors end up going to the U.S. Mint because "nobody else has any physical [gold} at a lower premium to spot (or any metal in inventory)."
The US Will Be Cyprused & We Will See $50,000 Gold - King World News
These statements are confirmation that Cyprus is the blueprint in the United States for coming financial failures. According to Sinclair, "when we take out these futures markets on a failure, gold is going to go $50,000."
4.22.13 - U.S. Government Rewriting Economic History
Physical gold prices rose for a fifth day to $1,425/oz. Monday amid bargain hunting and strong demand. Stocks up, home sales down. Gold last traded at $1,426 an ounce. Silver last traded at $23.44 an ounce.
MARKET NEWS HEADLINES
HEDGE FUNDS BET GOLD PRICES WILL RISE - Marketwatch
Managed money traders raised their net “long” positioning, or bets prices will go higher, by 21,675 contracts to 68,662 contracts net long, according to Gene Arensberg, editor of the Got Gold Report. Managed money, which had recently built up a record short position in gold, covered 12,411 shorts to show a “still high” 54,025 contracts of short gold futures, he said.
DATA SHIFT TO LIFT US ECONOMY 3% - Financial Times
Millions of dollars of intangible assets will enter the gross domestic product of the world’s largest economy in a revision aimed at capturing the changing nature of US output.
Brent Moulton, who manages the national accounts at the Bureau of Economic Analysis, told the Financial Times that “We are carrying these major changes all the way back in time – which for us means to 1929 – so we are essentially REWRITING ECONOMIC HISTORY."
GOLD AMBUSH AT THE COMEX CORRAL - 321Gold
In his article at Sharps Pixley, "Gold Crushed by 400 Tonnes of $20 billion of Selling on COMEX", former gold trader at NM Rothschilds & Sons and Credit Suisse, Ross Norman, describes how the ambush was carried out:
The gold futures markets opened in New York on Friday 12th April to a monumental 3.4 million ounces (100 tonnes) of gold selling of the June futures contract (see below) in what proved to be only an opening shot. The selling took gold to the technically very important level of $1540 which was not only the low of 2012, it was also seen by many as the level which confirmed the ongoing bull run which dates back to 2000. In many traders minds it stood as a formidable support level... the line in the sand.
Two hours later the initial selling, rumored to have been routed through Merrill Lynch's floor team, by a rather more significant blast when the floor was hit by a further 10 million ounces of selling (300 tonnes) over the following 30 minutes of trading.
AMERICANS 'SNAPPING' BY THE MILLIONS - WND
-Suicide has surpassed car crashes as the leading cause of injury death for Americans.
TRANSFORMING EARTH DAY 2013 - Lowell Ponte, NewsMax
Even Earth Day's most heavily propagandized issue and leftist ideological litmus test — global warming — is losing its cutting edge among educated and informed people. Their computer models are wrong! And new research shows that carbon dioxide might not even be the most important greenhouse pollutant.
What America needs this Earth Day is separation of science and state. Politicized science that makes dishonest global warming claims to enrich and empower the government is destroying the credibility and legitimacy of science itself.
Physical gold prices rose above $1,400/oz. Friday amid bargain hunting and strong demand. IBM sinks Dow. Gold last traded at $1,404 an ounce. Silver last traded at $23.26 an ounce.
MARKET NEWS HEADLINES
Gold prices rose for a 4th day on Friday, but ended the week down 6%. Demand for physical gold has been growing since the speculative sell-off last Friday and Monday, which set the price back than $200 an ounce. But in life (and markets) you can't keep a good man (or metal) down for long.
Gold's recovery this week did not deter what our founders called the "friends of paper money" in the mass financial media from cheering their mis-perceived "death of gold" this week. Truth is, the vast majority of "experts" simply can't grasp the wisdom of owning physical gold.
Motley Fool adds, "The financial media know the real reason for the drop in gold price, they just don't want you to. What they don't want you to know is that there is no real reason that gold should be declining when we factor in all the reasons it rallied."
Kitco reports, "On April 16, Senior Managing Director of the Tocqueville Asset Management L.P. John Hathaway said that the total number of paper Comex contracts sold on Friday, April 12th, and Monday, April 15th, totaled 1 million contracts, exceeding global annual gold production by 12%. The attack succeeded when the technical support in the low $1500’s/oz. easily gave way and led to waves of forced selling. The volume is without precedent and has all the characteristics of a panic liquidation driven by naked short selling."
Wise investors are cautiously buying the dip based on strong fundamentals, as articulated in featured commentaries from Craig Smith Gold Still the Buy of a Generation! and Sr. Broker Jim Carrillo Gold Bull Set to Rage: A glimpse into the past and future.
GOLD STANDARD NEWS DAILY News! - Swiss America is pleased to announce that starting next Monday, Nicole Lorenzi will take over as editor for our Gold Standard News Daily, as I turn my attention to developing new relationships to help broadcast our message of financial preparation ever further. Today will be the last of our daily 1-minute audio podcast as well. Please bookmark this page for the very latest Gold Market News Daily. Best! -db
TOP STORIES OF THE WEEK
7 REASONS WHY GOLD REMAINS THE BUY OF A GENERATION! - Craig R. Smith
GOLD BULL SET TO RAGE: A glimpse into the past and future - James Carrillo
THE WISDOM OF BUYING GOLD RIGHT NOW - SpecialAlert
155 TONS OF PAPER GOLD SOLD IN JUST ONE HOUR! - KingWorldNews
FED AND BANK OF JAPAN CAUSED GOLD CRASH - Ambrose Evans-Pritchard, Telegraph
GOLD WILL GET THE LAST LAUGH - Stephen Leeb, Forbes
JIM CRAMER CHARTS GOLD'S FUTURE - CNBC VIDEO
YOUR TAX BURDEN DIDN'T END ON APRIL 15, SAY EXPERTS - NewsRelease
ARIZONA APPROVES GOLD AND SILVER AS LEGAL TENDER - YahooFinance