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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.

-Milestone day: Dow hits 15,000, S&P 500 tops 1,600 - Marketwatch
-Bankers Are Like 'Heroin Addicts' - CNBC
-Not Enough Inflation - NY Times
-9.5 Million People Have Left Workforce Under Obama - CNS
-Treasury prices plunge on strong jobs data - WSJ
-Jobs Report Doesn't Mean Market Monetarism Has Won - Bloomberg

Self-Employed Americans At Record Low - EconomicCollapseBlog

self empl fall 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 American economy continues to add jobs in proportion to population growth. Nothing less, nothing more.

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
Many have questioned Obama's leadership role since taking presidency. The U.S., and the rest of the world, are at the edge of political and economic instability. What is needed now is U.S. presidential leadership, but it looks like we are getting presidential followership instead.

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.


Fed Keeps Interest Rates Low, Continues Bond Buying Program- CNBC
The Federal Reserve announced it will continue with its ultra-accommodative monetary policy. Interest rates will remain at historically low levels while the U.S. central bank will not alter its bond purchasing program. The sentiment this month turned towards concerns about "downside risks" to growth, but there was no mention of the recent set of weak economic data.

Arizona lawmakers pass bill making silver, gold legal tender - Reuters
Arizona lawmakers approved a measure to make gold and silver legal currency in the state in response to what backers said was a lack of confidence in the international monetary system. The bill calls for Arizona to make gold and silver coins and bullion legal tender beginning in mid-2014.

U.S. economy enters another spring swoon-Market Watch
A report released Wednesday showed growth among U.S. manufacturers fell in April and a employment survey indicated that companies added the fewest number of new workers in seven months. This data raised the odds of another soft jobs report on Friday when the government releases the official April employment summary.

Down on Gold? Here's Why You Should Be Buying - CNBC
Attractive valuation and renewed demand for physical gold could be putting a bottom in for the metal which has been seeing a lot of volatility. Last week, gold rallied three percent, mostly due to surging demand for the metal. One analyst suggests the near term remains somewhat murky, but the longer outlook remains solid.

More: Swiss America Gold Market News

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.

- A Fake AP Tweet Sinks the Dow for an Instant- Businessweek
- Home sales slip in March- CNN Money
- Clouds darken over global outlook- Financial Times
- Irish Savers & Pensioners Have Just Been Cyprus'd!- Silver Doctors
- Apple earnings drop; dividend, buyback raised Market Watch

The global economy is losing steam - CNN Money
Recent data has shown slowing growth in the U.S. and China, while Europe's recession is still underway. Japan has recently announced a massive stimulus program, but experts do not expect the country to grow much this year.

losing steam

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
The recent gyrations in precious metals, commodities, and both the dollar and yen stem from correlated deployment of vast liquidity resulting from quantitative easing around the world. Some of the correlations are just due to the same people stir-frying the same stuff, not economic reasons.

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
Numerous reports show there is a shift taking place in the gold market, with investors discarding the gold ETF and preferring physical gold instead. On one day alone, buyers scooped up a record 63,500 ounces from the U.S. Mint. According to Zero Hedge, this was "more than the previous two months combined."

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
Legendary gold trader Jim Sinclair warned that "the U.S. is going to get Cyprused." Fed Governor Jeremy Stein recently stated that "if systematically important financial institutions does fail, the losses would fall on shareholders and creditors."

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."

More: Swiss America Gold Market News

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.  

-U.S. Existing Home Sales Drop - FoxBusiness
-U.S. Stocks Rise as Caterpillar Rallies on China Outlook - Bloomberg
-Banks Rack Up Profits, but Investors Aren't Happy - CNBC
-The Internet Sales Tax Rush  - WSJ
-Volatility Out of Hibernation - FoxBusiness  

Data from the Commodity Futures Trading Commission’s Commitments of Traders report released Friday showed that managed money, which include hedge funds and commodity trading advisors, took advantage of the recent, steep drop in gold prices to cut down their “short” bets — bets that prices will go lower.  

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.  

 rewritehistory  DATA SHIFT TO LIFT US ECONOMY 3% - Financial Times 
The US economy will officially become 3 per cent bigger in July as part of a shake-up that will see government statistics take into account 21st century components such as film royalties and spending on research and development.  

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."  

In January 2013, analysts at Goldman Sachs predicted gold would fall to $1200. That Goldman Sachs would make such an apparently lucky out-of-the money prediction given the recent ambush of gold at COMEX wasn’t luck at all. Like 9/11, the COMEX ambush was planned and executed with military precision.  

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.  

Terrorism. Chaos. Fear of the future. In the age of Obama, America is undergoing a “fundamental transformation” – that much everyone knows.But what few seem to realize about this transformation is that the sheer stress of living in today’s America is driving tens of millions to the point of illness, depression and self-destruction. Consider the following trends:  

-Suicide has surpassed car crashes as the leading cause of injury death for Americans.
-Fully one-third of the nation’s employees suffer chronic debilitating stress.
-One in five preteens and high schoolers have been medically diagnosed with either ADHD, anxiety, depression or bipolar disorder.
-Stress renders people susceptible to serious illness.
-11 percent of all Americans aged 12 and older are currently taking SSRI antidepressants, 23 percent of all women in their 40s and 50s.  

TRANSFORMING EARTH DAY 2013 - Lowell Ponte, NewsMax
Monday, April 22, marks the 43rd Earth Day and, not coincidentally, the 143rd birthday of Vladimir Ilyich Ulyanov, known to history as Lenin, the revolutionary founder of the now-deceased Soviet Union. Originally forged to be a sword that would make the left all-powerful, Earth Day is turning instead into a plowshare that sows peace, not ideological class warfare.

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.

4.19.13 - Can't Keep a Good Man (or Metal) Down - Listen

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.

-Stocks Mixed, Nasdaq Jumps 1%; IBM Drops 7% - CNBC
-G-20 Set to Reiterate Stance on Yen, Currency Wars - WSJ
-Fitch cuts UK credit rating on 'weaker economic and fiscal outlook' - Telegraph
-US Mint’s Sales of Gold Coins Soar After Prices Plunge - MoneyNews
-Simpson-Bowles Prod Congress Again to Anti-Deficit Fervor - Bloomberg

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."

flying chart 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


Although we live in an era of instant information and communication; true wisdom, perspective and insight have never been more scarce. Recent gold news headlines again declaring gold is "dead" ranged from absurd to laughable to downright foolish.

GOLD BULL SET TO RAGE: A glimpse into the past and future - James Carrillo
We had a huge 30% decline in 2008 from $1,000.00 to $700.00, the media screamed gold's bull market was over. They cried that it wasn't a safe haven after all. Sound familiar? I argue that this only put gold back on a better plane at a much more healthy angle of ascent. If you understand that options are limited, that the stock market is looking like it did in 1972, that we can't save and keep up with the cost of living, that bonds are a bubble, that soon nobody but us will want U.S. Dollars, that we are in a currency war designed as a race to devalue our currency and that banks are bankrupt just like the United States ... you will see this as I do.

Gold prices, which have been at the mercy of technical selling since 2012, are today witnessing a flood of "paper" market sell orders as short-term speculators take profits. Swiss America CEO Dean Heskin reminds gold owners that the physical gold market is still alive and well, despite ETF liquidations from major banks, brokerages and traders."This flushing out of weak-handed, short-term gold speculators will prove a valuable entry point for those who have felt they missed the gold rush over the last few years," says Heskin.

In one hour central banks bought an astounding 55 tons of gold here in London. There is massive physical offtake in these markets right now. The reason price is declining is because western governments have sanctioned leveraged paper selling by their agents, the bullion banks, in order to drive the price of gold down. What people are seeing right now has nothing to do with the physical market. In fact, the physical market is literally on fire right now.

FED AND BANK OF JAPAN CAUSED GOLD CRASH - Ambrose Evans-Pritchard, Telegraph
It is becoming ever clearer that the roaring boom in global equities since last summer has priced in an economic recovery that does not in fact exist. The world is still in a contained depression. Sliding commodities tell us global money is if anything too tight. "There is a threat of deflation almost everywhere. A lot of central banks will have to follow the Bank of Japan, whatever they say now," said Lars Christensen form Danske Bank. The era of money printing is young yet. Gold will have its day again.

In short, the West desperately wants to maintain the dollar and euro as reserve currencies. To keep the status quo, however, Western economies must also ensure that gold remain in the background. Otherwise, the central banks could no longer control commodity prices or virtually anything else in the monetary realm ... eventually gold will migrate into a reserve currency basket and its price will advance many times from its current level.

Bravo to Jim Cramer and his team for their timely explanation of why gold should be in every single portfolio. He calculates gold is a good risk, with limited downside to about $95/oz. from this level ($1,305) and upside is $275/oz. ($1,670) in the short to mid-term.

Think you're finished paying taxes because April 15 has passed? No, the average taxpayer had to work until “Tax Freedom Day” on April 18 just to pay visible taxes. “Combined, our direct and hidden taxes...that's what the government's regulations and deliberate inflation really are...will eat up at least 217 days – from January 1 until at least August 5 – of the average American's effort and income this year,” says Craig Smith, whose widely-praised latest book is The Great Debasement. "Inflation is an invisible tax," says Smith.

Last Monday, Arizona lawmakers passed a bill that makes precious metals legal tender. Arizona is the second state, after Utah, to allow gold coins created by the Fed and private mints to be used as currency. The bill will also eliminate a capital gains tax liability associated with an increase in the value of gold. Making gold a legal tender eliminates the commodities tax at a state level.

More: Swiss America Gold Market News

More: Swiss America Gold Market News