Naked Shorting and Gold Suppression - Ellen Brown on GRTV

by corbettreport on Oct 1, 2011

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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

'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

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.

Weekly Commodities Update: Gold

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.