MinKL Invest: 10/03/11

Monday, 3 October 2011

Naked Shorting and Gold Suppression - Ellen Brown on GRTV

by corbettreport on Oct 1, 2011

SUBSCRIBE TO THE PODCAST: http://ur1.ca/50ptm

This week GRTV talks to Ellen Brown, an attorney, author, and president of the Public Banking Institute. We begin our discussion with an examination of Brown's recent article on naked shorting and the supppression of the gold price, and we turn our attention to solutions that the people can use to take back power from the finance capitalists. We finish on a discussion of the state banking solution proposed by the Public Banking Institute.

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.

As bullion prices lose glitter, city residents add shine with gold buys - Express India

As bullion prices lose glitter, city residents add shine with gold buys - Express India

Ritika JhaPosted: Oct 03, 2011 at 0141 hrs IST

Chandigarh A small dip in the rates of yellow metal with hints of a further rise as stocks tumble worldwide, saw Chandigarh’s residents trying to cash in during this festive season.

As gold prices for 22-carat fell to Rs 26,600 per 10 grams from Rs 28,200, people have been investing in the safe haven asset despite a rise of Rs 7,000 from the previous year during the same period, on fears that it may rise further.

So much so, that people did not hesitate to make purchases even during the Shradh period.

“While the perception still prevails that making purchases during Shradh is a bad omen, a number of people turned up to select their jewellery designs and make advance bookings during the last day of Shradh, as the prices came down on Monday. The sudden fall in price of gold has added to the festive spirit among people, who are also preparing for the upcomingwedding season,” said owner of K Jaipur Diamonds Jewellery House at Sector 35.

With global markets roiled by economic crisis, analysts have been predicting a rise in the cost of bullion in coming days.

“The price of the yellow metal is purely driven by demand and supply on global scale. India is certainly the largest consumer of gold but there are many other consumers in the world. With the global market scenario being gloomy, at present, people are gearing up to invest in gold—considering it as the safest haven. As all the end consumers are creating improved demands for gold, the prices are much likely to move up in upcoming weeks,” said Iqbal Singh, Managing Director of Innovation Financials. ........

http://www.expressindia.com/latest-news/as-bullion-prices-lose-glitter-city-residents-add-shine-with-gold-buys/854827/

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.

'Goldman Sachs rules the world' - Features - Al Jazeera English

A self-described financial 'expert' makes incendiary remarks about bankers but former Goldman traders disagree.

Chris Arsenault Last Modified: 30 Sep 2011 08:33

As economists worry about a break-up of the euro zone and protesters on the other side of the pond crash Wall Street, one self-described independent trader summed up the growing schism between the financial elite and the rest of the world by telling the BBC: "Governments don't rule the world; Goldman Sachs rules the world."

While Alessio Rastani has never worked for a major firm in the City of London – and actually lives in a small house owned by his girlfriend – his candid comments have gone viral on the internet, in a possible sign of the times. He might be considered a fraud and admits to wanting media attention, but his comments still have people talking.

"I go to bed every night dreaming of another recession," Rastani told the BBC. "It's an opportunity … When the market crashes, when the euro and the big stock markets crash… you can make a lot of money from this."

In less than 12 months, the savings of millions of people is going to vanish and that is just the beginning."

Rumours have been circulating on the internet, since the video went viral earlier this week, wondering if Rastani is a member of the "Yes men" – a satirical protest group who pretend to be corporate executives – but that does not seem to be the case. The rhetoric is either a candid portrayal of a rotten system or the musings of an attention hungry nobody, depending on who you ask.

"This idea of the testosterone fuelled alpha male in suspenders and a tie as the 'independent trader" is not the reality, said a former Goldman Sachs trader who spoke on the condition of anonymity. "This guy [Rastani] wants to be a caricature of Michael Douglas in the movie Wall Street."

Goldman's 'decline' .............

http://english.aljazeera.net/indepth/features/2011/09/2011928201256870348.html

Weekly Commodities Update: Gold

By ForexMansion.com on October 2, 2011 | More Posts By ForexMansion.com |Author's Website

By ForexMansion.com

By Jonah S. Ford
The price of gold has been keeping precious metals traders on their toes over the last several weeks, as record setting volatility drives large moves in both directions. Gold has seen very large daily ranges and major swings in both directions to close out the month of September near an equilibrium point near $1,620 per ounce.

The dramatic drop from the highs above $1,900 per ounce was fueled in part by the rise in the US Dollar as investors withdrew their exposure to European Union countries as well as emerging markets. The end of the 3rd quarter added additional selling pressure across the entire commodities complex. Massive fund liquidations of hard assets, either to book profits in one of the only performing sectors of 2011, or redemptions as fearful investors moved entirely into cash, carried all of the precious metals lower as well.

The selling appears to have reached a selling climax with a move down to the long term support level of $1,550 per ounce. This is a key level for the price of gold because it marks the beginning point of the most recent leg of the bull market. The breakout above $1,550 set the momentum buyers into their accumulation frenzy that saw a $400 gain in the price of gold in less than 3 months. Last week’s successful bounce from this level suggests a possible stabilization of the market and raises the odds of an eventual recovery to the old highs. ......http://www.dailymarkets.com/forex/2011/10/02/weekly-commodities-update-gold-2/

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.

Getting The Wrong Things At The Wrong Time | International Forecaster Weekly Bob Chapman

October 2 2011: That recent debt increase has all been eaten up, Washington DC talented in spending debt, six sick sovereigns, public policy escalates cost, Fed plan to resurect the economy has not worked.

Remember that $400 billion increase in debt recently enacted? Well it is gone and it only took six weeks. Washington has quite a talent for spending debt, which is other people’s money. Not satisfied the Senate, as we reported, added in another $500 billion. The media covered up the increase in debt by making a major issue of the President’s speech concerning jobs.

The enabling super committee is at work cutting $2 trillion from the budget. This supposedly will be concluded by November. These cuts were not designed as such, but they will help slow any recovery, as will any tax increase. As the CBO says, the wrong thing at the wrong time. Even with cuts and tax increases about half of federal government spending will be borrowed. Worse yet, most of any cuts will come from Social Security and Medicare, which are not entitlements, but are benefits the public paid for. Government wants to play Robin Hood, take from those who sacrificed and paid for the benefits and give to those who paid nothing into the system. As the enabling committee works behind closed doors the administration tries to use the debt problems in Europe, particularly in Greece, as a cover to shroud the problems in the US, which are potentially much worse. The US has no greater prospect of paying off its debt then does Greece or any of the other five close to insolvent nations. As serious as Europe’s problems are the focus should really be on America’s debt problems, because they will exert a greater impact worldwide, if for no other reason than the US dollar is the world’s reserve currency.

As in America, Europeans are being railroaded into bailing the banks out and will as the sick six sovereigns. That process could take ten years of subsidies and $6 trillion, which could unfairly bankrupt all of Europe. On top of all this financial horror waiting in the pipeline are carbon taxes. Including VAT the average taxation is 70%. We wonder how long it will take for revolution?

In the recent G-7 meeting in Marseilles, France, the members couldn’t identify the problems, much less analysis and solutions. The only cogent comment of value from their point of view was the banks would be bailed out no matter what the cost. So what else is new? We noticed there was little or no reporting on the conference, probably because they accomplished nothing. Of course, they were all for economic growth, strong financial markets and accommodative monetary policy. This lack of success was in part the reason of the plunge in the stock markets that followed. That is the state of world leadership.

http://theinternationalforecaster.com/International_Forecaster_Weekly/Getting_The_Wrong_Things_At_The_Wrong_Time

Meltdown - The men who crashed the world PART 1

by VIDEOREEFS on Sep 24, 2011

An Investigation report by Al Jazeera to find the reason and men behind the recession.

In the first episode of Meltdown, we hear about four men who brought down the global economy: a billionaire mortgage-seller who fooled millions; a high-rolling banker with a fatal weakness; a ferocious Wall Street predator; and the power behind the throne.

The crash of September 2008 brought the largest bankruptcies in world history, pushing more than 30 million people into unemployment and bringing many countries to the edge of insolvency. Wall Street turned back the clock to 1929.

But how did it all go so wrong?

Lack of government regulation; easy lending in the US housing market meant anyone could qualify for a home loan with no government regulations in place.

Also, London was competing with New York as the banking capital of the world. Gordon Brown, the British finance minister at the time, introduced 'light touch regulation' - giving bankers a free hand in the marketplace.

All this, and with key players making the wrong financial decisions, saw the world's biggest financial collapse.

http://english.aljazeera.net/programmes/meltdown/2011/09/2011914105518615434.html

Gold rush ravages Malaysian forest

by AlJazeeraEnglish on Sep 29, 2011

Malaysian forestry officials have warned that illegal mining is polluting rivers, causing soil erosion and damaging trees in the country's pristine forests.

Mining for gold has been taking place in Malaysia's southern state of Johor since the 1960s, but as gold prices have soared in recent months the hunt for the precious metal has intensified.

Al Jazeera correspondent Stephanie Scawen reports from Johor.

Markets suffer large quarterly falls

by AlJazeeraEnglish on Sep 30, 2011

European and US stocks have fallen, in one of the worst qarterly falls for the markets in the past decade.

Stocks dropped broadly on Friday in fresh signs that Europe's debt problems and the US economy continue to languish.

The Dow Jones, Standard & Poors (S&P) 500 and Nasdaq each lost more than 12 percent this quarter, the first time that's happened since the financial crisis crested at the end of 2008.

Al Jazeera's John Terrett reports from Washington DC

MinKL Invest

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Monday, 3 October 2011

Naked Shorting and Gold Suppression - Ellen Brown on GRTV

As bullion prices lose glitter, city residents add shine with gold buys - Express India

'Goldman Sachs rules the world' - Features - Al Jazeera English

Weekly Commodities Update: Gold

Weekly Commodities Update: Gold

Getting The Wrong Things At The Wrong Time | International Forecaster Weekly Bob Chapman

Meltdown - The men who crashed the world PART 1

Gold rush ravages Malaysian forest

Markets suffer large quarterly falls

WORLD