MinKL Invest: 11/21/11

Monday 21 November 2011

Middle East online gold and silver trading platform...Peter Cooper, Arabian Money

Middle East gets its first ever online gold and silver trading platform

By: Peter Cooper, Arabian Money

Monday, 21 November 2011 : GoldSeek.com

Gold.ae has launched as the Middle East’s first ever online gold and silver trading platform, an indication of the growing interest in investment in precious metals in the region. It operates under the tax-free umbrella of the Dubai Multi Commodities Centre, a specialist freezone for commodities trading.

This initiative from the ‘City of Gold’ provides spot trading of gold and silver bullion ranging from 1 ounce to 1kg conforming to Dubai Good Delivery standards. There is also an e-shop for collectibles in gold and silver such as custom-designed coins and laser-engraved sketches.......
http://www.arabianmoney.net/

All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

gold to trump ETFs by 500% in 2011...www.arabianmoney.net

Physical gold to trump ETFs by 500% in 2011 hears Dubai conference
Posted on 13 November 2011t

http://www.arabianmoney.net/gold-silver/2011/11/13/physical-gold-to-trump-etfs-by-500-in-2011-hears-dubai-conference/

Physical gold will outsell ETFs by 500 per cent this year, Standard Bank’s Walter de Wet told the 8th Dubai City of Gold Conference today. Two years ago the position was completely reversed with physical gold sales running at only 20 per cent of ETFs.

‘It’s a complete flip from ETFs to physical gold,’ he said. ‘And it seems to reflect people’s lack of trust in financial systems and the shift in investment flows towards Asia and the Middle East.’

$2,200 gold

Standard Bank is expecting the price of gold to hit $2,200 at the end of the first quarter next year and $2,000 in Q4 2011. Dr de Wet made the theme of his presentation ‘Gold as a currency’ and forecast both a QE3 in the US and that ‘the ECB will have to do exactly the same.’

He noted that ‘gold prices will continue to rise so long as we have macro imbalances with rising debts balanced by rising reserves in other countries’. So when will it all be over for gold?

‘Only when first the Fed stops expanding its balance sheet which we do not expect for three to four years, and governments stop borrowing and China stops accumulating foreign reserves.’

Standard Bank reckons $500 billion of QE3 will add $200 to the gold price early next year, taking it to $2,200. Silver barely got a mention, although ArabianMoney is confident it will deliver even higher returns (click here)...........

http://www.arabianmoney.net/gold-silver/2011/11/13/physical-gold-to-trump-etfs-by-500-in-2011-hears-dubai-conference/

All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

Gold Market Update...By: Clive Maund...news.goldseek.com

Gold Market Update

Monday, 21 November 2011

By: Clive Maund

Gold has behaved as predicted in the last update, which was two weeks ago. It advanced a little further into nearby resistance, before reacting back quite sharply on Thursday. However, whereas in the last update we were looking to buy on this dip in the expectation of renewed advance, we are now more cautious, due to mounting evidence that politicians and world leaders may soon be overwhelmed by deflationary forces despite their strenuous efforts to keep them at bay by means of endless QE.
For gold's strong uptrend to continue we need to see continued currency debasement and inflation and the maintenance of sufficient liquidity to head of any incipient credit crises that could quickly cause interest rates, which have been artificially suppressed for years now, to skyrocket. The trouble is, however, that various parties are starting to break ranks and trying to use the quaint old fashioned methods of dealing with debt, such as trying to pay it down and reining in budgets and imposing austerity measures etc. The Republicans in the US are trying to enforce a reduction in the Federal deficit, or least retard its rate of rate of growth, which is now legally mandated if the so called "Super Committee" fails to come up with big cuts by the 23rd of this month. In Europe we are seeing attempts to impose austerity in Greece and Italy and soon other countries. While these efforts are commendable they should have been made years ago - now it is far too little too late, as the debts have grown to gargantuan proportions and are now completely out of control. They are like a giant voracious beast that demands to be fed, and the refusal to feed this beast by the likes of Mrs Merkel of Germany with her matronly "No!" are going to cause it - are causing it - to turn very nasty indeed.........

http://news.goldseek.com/CliveMaund/1321862520.php

http://news.goldseek.com/CliveMaund/1321862520.php

All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

Spanish opposition wins landslide victory

by AlJazeeraEnglish on Nov 20, 2011

Spain's opposition Popular Party (PP) has won a landslide victory in Sunday's elections, seizing an absolute majority of seats in parliament.

The Socialists conceded a humiliating defeat as official results showed the PP projected to take 187 seats in the 350-seat lower house, with 84 per cent of votes counted.

The Socialists plummeted from 169 to 110, their worst performance ever.

Al Jazeera's Andrew Simmons reports from Madrid.

European Power Play As Panic Sets In | International Forecaster Weekly Bob Chapman

November 19 2011: Chancellor Merkel looks to the people of the euro zone to legislate away sovereignty, changes to be made as the situation deteriorates, Turmoil among the Europeans, power plays as panic sets in, housing sector falling apart.

German Chancellor Merkel keeps moving the field of play away from the European Central Bank, and to the people of the euro zone. That is so she can get legislation to remove the sovereignty of EU members. The pitch is, if the new EU is to work all fiscal decisions that will have to be determined in unison by bureaucratic technocrats, all of whom want world government. This way Germany can lead European countries in locked goose step to one-world nirvanas. Incidentally, Britain’s PM David Cameron is going in the exact opposite direction. He sees an opportunity to allow powers to ebb back to national status from Brussels. What Mrs. Merkel is saying is that existing treaties and the ECB does not have a possibility of solving the euro problem.
In the background we find German Finance Minister Wolfgang Schauble is a driving force behind the plans to run towards EU and fiscal and monetary union. This shows you how deliberately out of touch German politicians are and they seem to care less. They say this is the best way to ensure the EU’s survival, not the euro, the EU. Their plan will eventually destroy any possible solution in the quest to control European nations. As the Dir Spiegel put it so aptly, entering into voluntary euthanasia. What Merkel is up to here is massive changes in the German Constitution and the remaining Constitutions of Europe. Germany has one of the best Constitutions in the world, so why change it to abet world government? Herr Schauble and his Illuminist think tank behind the scenes is the one, which is really making all the decisions. An eminence guise, if you may. We wonder if Herr Schäuble has visions of himself as dictator of the EU? Perhaps these are his elitist orders. His quest along with Merkel’s is increase guarantees for the new ESM, which a majority of his own party rejects. Then again he doesn’t let democracy get in his way. Schäuble is the Illuminist’s main man in Germany and one to be watched closely. We knew Greece had to default two years ago, but so did Herr Schäuble and he told that to Mrs. Merkel.....

http://theinternationalforecaster.com/International_Forecaster_Weekly/European_Power_Play_As_Panic_Sets_In

LINKS
Dr. Deagle Show 111109 1/3 to 3/3 - BOB CHAPMAN - COMING ECONOMIC STORM
http://www.youtube.com/watch?v=dT9b2mbaLFQ&feature=email
http://www.youtube.com/watch?v=kK5lPTWZj-w
http://www.youtube.com/watch?v=Gi66ivhliQY
Bob Chapman: Surviving The Banker Sociopaths 1/2http://www.youtube.com/user/thealexjoneschannel/#p/u/11/2Ai4cgWzRiw
Bob Chapman - The National Intel Report with John Stadtmiller -15 Nov 2011http://www.youtube.com/watch?v=9T6sXOcWC58&feature=email
Silver Update 11/16/11 - Stupor Committee http://www.youtube.com/watch?v=e7jpMlWebWE
FFw/JB Podcast (11/17/2011): Bob Chapman http://www.youtube.com/watch?v=O8cBOEpUiXw&feature=youtu.be

Farage: What gives you the right to dictate to the Greek and Italian peo...

by europarl on Nov 16, 2011

http://www.ukipmeps.org http://twitter.com/#!/Nigel_Farage
• European Parliament, Strasbourg, 16 November 2011

• Speaker: Nigel Farage MEP, UKIP, Co-President of the EFD Group in the European Parliament (Europe of Freedom and Democracy)

• Debate: EU Economic Governance - Statements by the Presidents of the European Council (Herman Van Rompuy), the Commission (José Manuel Barroso) and the Eurogroup (Jean-Claude Juncker) - [2011/2902(RSP)]:
http://www.europarl.europa.eu/oeil/FindByProcnum.do?lang=en&procnum=RSP/2...
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Transcript:

"Here we are on the edge of a financial and social disaster and in the room today we have the four men who are supposed to be responsible. And yet we have listened to the dullest most, technocratic speeches I've ever heard.

You are all in denial. By any objective measure the euro is a failure. And who exactly is responsible, who is in charge out of all you lot? The answer is none of you because none of you have been elected; none of you have any democratic legitimacy for the roles you currently hold within this crisis.

And into this vacuum, albeit reluctantly, has stepped Angela Merkel. And we are now living in a German-dominated Europe - something that the European project was actually supposed to stop. Something that those who went before us actually paid a heavy price in blood to prevent. I don't want to live in a German-dominated Europe and nor do the citizens of Europe.

But you guys have played a role, because when Mr Papandreou got up and used the word 'referendum' - or Mr Rehn, you described it as 'a breach of confidence', and your friends here got together like a pack of hyenas, rounded on Papandreou, had him removed and replaced by a puppet Government. What an absolutely disgusting spectacle that was.

And not satisfied with that, you decided that Berlesconi had to go. So he was removed and replaced by Mr Monti, a former European Commissioner, a fellow architect of this Euro disaster and a man who wasn't even a member of parliament.

It's getting like an Agatha Christie novel, where we're trying to work out who is the next person that's going to be bumped off. The difference is, we know who the villains are. You should all be held accountable for what you've done. You should all be fired.

And I have to say, Mr Van Rompuy. 18 months ago when we first met, I was wrong about you. I said you would be the quiet assassin of nation states' democracy, but not anymore, you are rather noisy about it aren't you. You, an unelected man, went to Italy and said, 'This is not the time for elections but the time for actions'. What in God's name gives you the right to say that to the Italian people.

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Video Source: EbS - European Parliament
Music from Velvet Choker (Cornerstone Cues)
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