JIMBOWEN27

I attended the Mines and money conference in December and listened to the Grant Williams (runs RealVision TV with Raoul Pal and hedge fund manager) presentation. It's very insight and would highly recommend everyone listens to it. Williams talks about the reaction to Donald Trump's election and joins a series of dots that may lead to the end of the petrodollar system and a new place for gold in the global monetary system. It's a must listen with huge implications for gold and silver imo.

I attended the mines and money show this week. The highlight of the show was a presentation from Grant Williams who writes Things that make you hmmmm and is an adviser to Vulpes investment management in Singapore. It was literally one of the best presentations I have heard. The gist of it was that whilst everyone is assuming things will be good under Trump, don't jump to conclusions. He sees a scenario where the Trump infrastructure spending, inflation and rising debt pushes yields on US Treasuries up. China is lowering their exposure to Treasuries and we are likely to see an abundant supply over the next ten years. Rising yields will led to a huge issue with US debt payments. China is also likely to start trading oil is yuan, which is a game changer. All this leads to downward pressure on the dollar and is very bullish for gold long term. Will post link to slides if I receive anything, as well worth a listen.

Good article below. I agree that we are close to the low (don't see below $1000 gold) and this guy thinks we are very near the low in silver. IMO now is definitely the time to start buying physical or adding more....if not massively over exposed already! No one rings a bell at the bottom... hTTp://www.kereport.com/2014/11/03/gold-silver-final-decline-phase/

Gold view from Ian Williams at Charteris. If this theory is true, there will be the mother of all short squeezes at some stage... "WHY IS GOLD FALLING WHEN THE MARKET IS DOMINATED BY BUYERS? Last week Gold fell to a 4 year low despite anecdotal reports of large scale buying across the World, namely: 1. China is buying enormous amounts of Gold; recent reports point to annual demand of over 2000 Tonnes pa - this level of Gold demand by one country alone is unprecedented and virtually takes out the entire global mine output. 2. India is also buying back large quantities. Import duties levied in 2013 cut back the established routes of Indian demand (although much was smuggled in) to a point when the Indian Jewellery Industry desperately needed to restock inventory. This is now occurring with annual demand back to the 800 Tonne level. 3. Central Banks are net buyers; Russia keeps buying Gold despite problems with the Rouble and low Oil price - Russia is thought to have added 40 Tonnes in recent weeks. No major Central Bank is on record as having sold any Gold in recent weeks however. 4. Sales of Gold and Silver coins are booming all over the world. 5. Is Gold that weak anyway? The predominant cycle is the 10-10.5 year cycle that tends to bottom in year 2 or 3 of the decade. Gold priced in Yen, Sterling, Euros, AUD, and CAD did hit its low point in 2013. It is only the USD price that is still consistently hitting new lows due to the strength of the greenback. Gold, however, is a Global entity not a US one and it's cycles should be calculated using a basket of currencies: the current fallout look more like US Dollar strength not Gold weakness. Who then is selling Gold in the face of this enormous buying? For every buyer there has to be a seller - so who could possibly be selling Gold of the magnitude required to feed this, particularly from Asia, voracious appetite? Some traders point to some sort of official supply source conspiracy aimed at manipulating the price and using the current regulatory probe in the London Gold fix as evidence of this. However, manipulation (if it even occurs, and even if it does it would be a half hour phenomenon) is not the same as price suppression aimed at altering the long term price of Gold. The conspiracy theorists have never been able to adequately explain why the Authorities would be interested in artificially altering the price of Gold,or why they would go to all the bother to mount an operation of this magnitude. Furthermore following a huge Central Bank Gold sales that took place between 2000 and 2008 (all declared and transparent) many of these Central Banks that took part in this exercise now have very little Gold left to sell. We are left with only one plausible source that is capable (and stupid enough) to take on the combined buying power of China, India and Russia - namely the US Hedge Fund Industry through a combination of short Gold futures & short physical Gold borrowed from Central Banks. This explanation fits perfectly with the algorithmic type of Gold selling that has been hitting the markets as soon as New York starts trading. Surely, one might think that these short positions would be too big for even the large Hedge Funds; Let’s think back to the start of the great mega Gold bull market in 1999/2000 and the collapse of LTCM (Long Term Capital Management). When LTCM went bust it was running a Gold carry trade that involved: 1) Borrowing Gold Selling Gold and c) Buying US Treasuries with the money raised from the sale of Gold The size of the LTCM short position in Gold was 7,500 tonnes (3 years global mine output) an amount that displayed a mind boggling recklessness in terms of risk relative to the size and liquidity of the market. This position, which had to be unwound following the collapse of LTCM (in other words the Gold had to be bought back). The sheer size of the trade posed a systemic risk to the entire financial system and involved co-ordinated policy by the world's leading Central Banks to "assist" the Fed in jobbing their way out of the mess they had been dumped with. The UK's assistance in this matter was the infamous sale by the Blair Government of 300 Tonnes - half the Bank of England's holding (but a mere 5% of the short position that needed to be bought back). It beggars belief that the US regulators have allowed history to repeat itself but it is the only explanation as to how all this mega buying has not pushed up the price as no other significant sellers have been identified. It is simply not possible that a repeat of the LTCM bailout could happen again as none of the Central Banks that "assisted" the Fed before have enough Gold left to sell. If this is the case then Gold at some stage will undergo a huge upward move (as happed post LTCM) as these short positions have to be bought back - either by the Hedge Fund(s) concerned or as with LTCM the liquidator which in that case was the Fed due to the sheer size of the short positions involved. The upward potential is truly scary as the Russian and Chinese are long term holders and will not be sellers at anything like current prices. Chart wise - even the US Dollar price chart is not necessarily as bearish as some are making out. If the Dollar price of Gold breaks up above $1200 area in the next few days it will point to a "falling wedge" chart pattern. For the record, a falling wedge is the most bullish of all chart patterns as it is formed by lower lows which when reversed deliver a sucker-punch (‘sucker’ being the operative word) to any short sellers. The opposite is a rising wedge which is the most bearish of all the chart patterns and is made up of higher highs. Lastly; a word on the Gold Miners which have taken a pounding in recent weeks - unlike the Physical Gold market which is dominated by Asians trading in the mining shares are dominated by North American Investors who only focus on the US Dollar price. October is also the month that US Institutions traditionally undertake tax loss selling - the Miners were also weak last October for the same reason. In terms of relative cheapness to ALL other financial assets these currently show up as about the cheapest of all. The brave Investor stands to make an awful lot of money in these assets if and when this all unwinds."

A superb interview between Egon von Greyerz and an ex-bloomberg frontman - Greg Hunter. Https://www.youtube.com/watch?feature=player_embedded&v=q-sqBwsMd34 It covers the forthcoming Swiss Gold Referendum... 30th November, and the forthcoming reset.

A superb interview between Egon von Greyerz and an ex-bloomberg frontman - Greg Hunter. Https://www.youtube.com/watch?feature=player_embedded&v=q-sqBwsMd34 It covers the forthcoming Swiss Gold Referendum... 30th November, and the forthcoming reset.

This could be big. There is no way the BOE can return all the gold as it's been leased out in the market. http://goldswitzerland.com/swiss-to-vote-on-gold-repatriation-in-november/

The shift from West to East continues. I wonder if this coincides with the bottom in gold? Shanghai Gold Exchange Launching International Bullion Exchange In Yuan Next Month China is moving closer to positioning itself as the physical gold trading hub of the world and the world’s gold price discovery centre. It is a natural progression for the largest economy in the world and for the world’s largest gold buyer, importer and indeed producer. The Shanghai Gold Exchange (SGE) is launching its yuan denominated international bullion trading exchange next month. This is another important step in internationalising the yuan or renminbi and positioning it as an alternative global reserve currency. Bloomberg reports this morning: "The Shanghai Gold Exchange plans to start bullion trading in the city’s free-trade zone on Sept. 26, according to three people with knowledge of the matter. The people asked not to be identified because they aren’t authorized to speak to the media. Gu Wenshuo, a spokesman for the exchange, confirmed that the trading system is being tested, without giving further details. Shanghai wants to become a regional bullion-trading hub, giving foreigners access to the world’s largest physical-gold market, Xu Luode, the exchange’s chairman, told a conference in Singapore in June. The gold contract will be priced and settled in yuan and the infrastructure is in place for trading to start in the third quarter, Xu said in June. The zone will have a vault capable of holding 1,500 metric tons of gold, which can either be imported into China or be in transit to other markets, Xu said. China is seeking to open up its bullion markets just as domestic demand weakens. Consumption contracted 19 percent in the first six months of the year, according to the China Gold Association. Bullion of 99.99 percent purity traded on the Shanghai Gold Exchange climbed 8.7 percent this year, damping demand which reached a record in 2013." Reuters reports this morning: "China has allowed three more banks, including a foreign lender, to import gold, sources with direct knowledge of the matter said, as the world's top gold buyer gears up for its strongest effort yet to gain pricing power of the metal. The move, which brings the number of firms allowed to import gold into China to 15, comes ahead of the launch in September of a new international bullion exchange in Shanghai with which China hopes to become a price-discovery centre. China and other Asian gold trading centres such as Singapore are calling for more localised pricing of the precious metal as they seek alternatives to the so-called London fix, the global benchmark for spot gold prices, which is being investigated by regulators on suspicion that it may have been manipulated. Standard Chartered (STAN.L), Shanghai Pudong Development Bank (600000.SS) and China Merchants Bank (600036.SS) were given regulatory approval recently to import gold, five sources with direct knowledge of the matter told Reuters. China approached foreign banks, gold producers and refiners to participate in SGE's international bourse, sources told Reuters earlier in the year, to boost its position as a price-discovery centre for gold. It plans to launch three physically-backed gold contracts. The chairman of the exchange said in June that China should have its own pricing benchmark as it is the biggest consumer and producer of gold." etc. "

A Golden Lift-Off Approaches Market Vectors Junior Gold Miners (ARCA:GDXJ) just took out the 200 day moving average on its second highest volume ever, and record volume in GDXJ was just last week. This is big time accumulation going on. Furthermore checkout mining stocks like MAG Silver Corp. (AMEX:MVG), Agnico Eagle Mines Limited (NYSE:AEM), Sandstorm Gold (ARCA:SAND) to name a few. As soon as gold completed the failed breakdown they have gone on a moonshot. This is something that few are talking about because everybody is so beat up and tired of the bear market in gold. But this is exactly the type of behavior that launches a new bull market, big volume and explosive price moves. HTTP://www.investing.com/analysis/a-golden-lift-off-approaches-216631

WallStreet concerned over China's gold hoarding HTTP://www.wantchinatimes.com/news-subclass-cnt.aspx?cid=1203&MainCatID=12&id=20140602000001

Will this pop (or at least slow down) the London house price bubble? http://moneyweek.com/the-pin-that-bursts-the-london-property-bubble/

Good article from Frizzers. http://moneyweek.com/money-morning-dont-speak-too-soon-but-the-housing-bubble-may-be-peaking/ I agree with other comments that the London market has gone totally crazy and a lot of areas are now up 40-50% in the last two years! Prices, will have to start levelling off soon as you can't much for under £500k now.

http://moneyweek.com/the-london-property-bubbles-days-are-numbered/ EXCERPT (posted by DrB): The London property bubble’s days are numbered By: Matthew Partridge - 03/04/2014 - 18 Comments We take high London prices for granted It’s wrong to think of the UK property market as a single entity, as MoneyWeek editor-in-chief Merryn Somerset Webb has pointed out. There are really two different markets. In most of the UK, house prices have yet to recover from the crash in nominal terms, and are still sharply down when you take inflation into account (in ‘real’ terms). London by contrast, is in the grip of a property bubble, with the ratio of prices to average earnings at a record high. The obvious trade – if you live in the capital – is to move. As Merryn points out, depending on where you start out and where you want to go, you can now swap a small London flat for a castle in the Scottish Highlands. But the ‘London premium’ has grown so extreme that you don’t even have to move that far out of the capital to get a lot more space for your money. === There's a thread about LONDON versus Rest of UK elsewhere on GEI

hTTp://www.mauldineconomics.com/ttmygh/that-was-the-weak-that-worked-part-3 It's long but a must read article imo. Written by Grant Williams of Vulpes Investment Management. This is very bullish for gold longer term.

China gold chief confirms gold price suppression by U.S. Submitted by cpowell on 07:14AM ET Thursday, January 2, 2014. Section: Daily Dispatches 10:14a ET Thursday, January 2, 2014 Dear Friend of GATA and Gold: Gold price suppression is U.S. government policy to maintain the dominance of the U.S. dollar in the ongoing international currency war, the president of China's gold mining association, Sun Zhaoxue, told a financial conference in Shanghai last June. Sun's remarks were disclosed today by gold researcher and GATA consultant Koos Jansen, who obtained them from a rough transcription provided by the SINA Financial news service. Jansen prefaces Sun's remarks with some incisive observations of his own about whether there is manipulation of the gold market and, if so, who is responsible for it. Jansen describes himself as a believer in "conspiracy facts," since, he writes, when money and power are at stake, people conspire. While gold price suppression can hardly be addressed by mainstream financial news organizations in the West, for years it has been a fairly common topic in the government-controlled news media in China, and Chinese news reports about gold price suppression by the United States have even been cabled back to the U.S. State Department in Washington by the U.S. embassy in Beijing: http://www.gata.org/node/10380 http://www.gata.org/node/10416 http://www.gata.org/node/12917 That would make the West's mainstream financial news media seem even more government-controlled than China's. Jansen's commentary and account of Sun's speech are posted at Jansen's Internet site, In Gold We Trust, here: CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc.