As my Owl here looks into the twilit sky looking to the moon for the mysteries of the world. Lets ask some questions.
A place to discuss Ideas that cross the imagination.
My fascination with gold. I thought I would share here a little bit about this amazing mineral that has so many definitions in our society, in our history and also in our energetic and technological world. Before anything became a plastic doll or plastic bottle in a landfill, or a prescription medication, or a computer it started out as something that originated from the earth. Although we have messed with these things in a lab they were once a natural material or herb, or mineral. But gold and precious gems and other metals have survived this age of “synthetisizing” ( made this word up) in our entire culture. The real thing is the real thing no matter how you wanna slice it dice it or splice it. They are not just beautiful they are powerful energetic materials as well. Gold is not only used in the basis of our economy or lack thereof, but its also used for electrical wiring in computers because its the best conduit for electricity. It was also used in the ancient egyptian times for architectual energetic pyramids. Its a very curious material indeed. The Egyptians called it the skin of the gods. Like the sun god RA. Its beauty unsurpassed by other metals for its golden hue. Now we see its monetary value bounce around as if that could change its true value as Mother nature’s veins. A rare commodity that has always been the basis of our monetary system being used to easily buy and sell when the time is right. The value will always stay the same or grow in value because as we grow in size as a population it will just become more and more rare to acquire. Yet time and time again we have taken this for granted and the prices of gold will never be what they were 20 years ago, they will never rise and fall to those depths because its just not feasible if one does the math. This week it was lower than it has been in a long time. These types of changes just don’t make any logical sense even when they try to explain it on the news.
please check out my Art and Design Website @www.unicornlovur.net
What’s up with gold this week?
Swiss America’s
Gold News Daily
7.19.13 – Gold and Silver Show Strong Buy Signals
Gold prices end slightly lower on Friday but scored third weekly gain. Dollar posts weekly decline of more than 1%. Gold last traded at $1,333 an ounce. Silver last traded at $19.99 an ounce.
MARKET NEWS HEADLINES
-Gold is flashing a secret buy sign – Yahoo! Finance
-Gold Keeps Weekly Winning Streak Alive – Fox Business
-Today, Detroit. Tomorrow, Hometown, USA – Market Watch
-Deutsche Bank Opaque Loans From Brazil to Italy Hide Risk – Bloomberg
-Obama Administration Considering Government Shut-Down Strategy – Town Hall
-Harvey Miller: Detroit In Bankruptcy “A Long Time”- BusinessWeek
gold and silver Chinese gold demand could hit 1,000 tonnes this year- WGC – Reuters
China’s gold demand could hit a record 1,000 tonnes this year, according to the World Gold Council. This means China would overtake India as the world’s biggest bullion consumer. According to the WGC’s managing director for investment Marcus Grubb, “it will be driven by both jewellery and investment demand. Jewellery will be the biggest overall demand segment, but investment will grow fastest.”
Physical deliveries in the first half of 2013 exceeded total deliveries for all of last year, exchange data showed, while premiums over spot prices rose above $20 an ounce. China’s demand for gold in fabrication amounted to 590.5 tonnes last year, according to the metals consultancy Thompson Reuters GFMS.
Grubb expects jewellery to account for a larger slice of world gold demand this year as investment in the metal drops. “Jewellery demand is likely to increase globally this year as a proportion of overall gold demand for the first time in 12 years,” Grubb said.
Why silver might be a good buy at $20 an ounce – Market Watch
“Most indications are that silver is at or very near a bottom,” said Paul Mladjenovic, author of Precious Metals Investing for Dummies. The massive selling of silver futures contracts during the first half of this year “is very over-done and created some extraordinary bullish conditions.”
Silver’s declines have well outpaced gold’s this year to date. Silver is down 34% year to date while gold is down 21%. “Silver is a more emotional market than gold, meaning it often has extreme upside and downside moves [more] than other metals,” said Alan Knuckman, chief market strategist at Trading Advantage. “The rewards are sometimes greater in silver when you are [on] the right side.”
Mladjenovic, meanwhile, referred to silver’s current prices as “artificially low” and said they’ll “push marginally productive silver mines to close and this will shrink supply” as demand for the metal continues to grow.
Has the U.S. Treasury Already Exceeded the Debt Limit? – ETF Guide
The U.S. federal debt has been stuck at $16,699,396,000,000 for 68 straight days. That amount is exactly $25 million less than the legal borrowing limit of $16,699,421,000,000 set on May 17, 2013. Looking closer at the numbers actually shows the U.S. Treasury has already blown past the federal legal borrowing limit.
debt ceiling
Yields have surged 51% over the past three months and 84.07% over the past year alone and bond investors, especially owners of long-term debt, are beginning to see heavy losses. The Federal Reserve is also suffering paper losses of approximately $3 billion for every .01% rise in interest rates.
IMF Sees Market Volatility Risk in Fed’s Exit From Record Easing – Bloomberg
The International Monetary Fund cautioned that the U.S. Federal Reserve’s exit from unprecedented asset purchases could potentially spur market reactions causing “excessive” interest rate volatility. This could lead to “adverse global implications” according to the fund’s board of directors.
The IMF says effective communication on the exit strategy and careful calibration on the timing will be critical in order to reduce those risks. The IMF left it’s US growth forecast for this year unchanged at 1.7 percent.
While accommodative policy “continues to provide essential support to the recovery,” the IMF board said, “its financial stability implications should be carefully assessed” because a long period of extremely low interest rates could have unintended consequences for financial stability and complicates macro-policy in some emerging markets.
TOP STORIES OF THE WEEK
Long term upside for gold could be immense. Short term still uncertain – Mineweb
Sometime down the road the gold sector will see prices start to rise dramatically as shortages develop and companies try to play catch up to meet demand. We could possibly be in a stalemate mode for a year or so with prices rising and falling around the current level, but as one expert noted, the current lower prices are not sustainable in the long term and will see a recovery in the gold price.
Most Americans say nation is headed off track- CNBC
Around 61 percent of Americans polled say the nation is headed off on the wrong track. Mr. Obama’s own job approval has declined to 45 percent, with 50 percent disapproving, down from 53-43 percent in December. Congress also drew its worst approval score with just 12 percent approving and 83 percent disapproving.
Dennis Gartman: Gold is going ‘several hundred dollars higher’ – CNBC
According to Dennis Gartman, commodities expert and founder of The Gartman Letter, the selloff in gold has run its course, and the precious metal is set on an upward trajectory. He is bullish on gold and believes the metal will go “several hundred dollars higher.”
Stagflation: The Fed’s worst nightmare – Market Watch
While unemployment remains stubbornly high, inflation has suddenly begun to rise. An examination of the latest readings of two widely watched indexes, the producer price index and the consumer price index, reveal a rather disturbing trend that inflation is slowly but surely returning.
More: Swiss America Gold Market News
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