Daily Digest

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Daily Digest 4/15 - Gold Plunges Again, Hawking: Explore Space For Humanity's Sake

Monday, April 15, 2013, 12:04 PM


16% Of U.S. Annual Silver Supply Just Vaporized (goldrunner1)

The loss of 5 million ounces in domestic silver supply will have a DIRECT AFFECT on the Sunshine mint’s ability to source silver for blanks- which are used in the production of American Silver Eagles, which are already being rationed (allocated) due to physical supply constraints.

Look for premiums on ASE’s to go super-nova as the implications of the Kennecott landslide work their way down-stream!

Kunstler: Smackdown Time (Michael W.)

I hate the term The Powers That Be, with its odors of recycled paranoia and lumpen extremism, but signs of collusion abounded last week. First, on Wednesday, Goldman Sachs issued an advisory to short gold as the price flirted with $1600/oz. Then on Thursday, The New York Times planted a front-page story headlined: "GOLD, LONG A SECURE INVESTMENT, LOSES ITS LUSTER." The story featured a quote by supreme market manipulator and world-class schmikler George Soros: "Gold was destroyed as a safe haven, proved to be unsafe," Mr. Soros said in an interview last week with The South China Morning Post of Hong Kong. "Because of the disappointment, most people are reducing their holdings of gold."

Gold plunges again; FTSE dips as China disappoints (ScubaRoo)

Analysts at Commerzbank said the collapse in the share price was an over reaction. 'Given the ultra loose monetary policy purused by many central banks, we are also no longer able to find any justifcation for it in fundamental terms.

The Cyprus-ization Of Precious Metals (Taki T.)

The point is to keep a level head in what appears to be turmoil for the real turmoil is on the other side, the opposition to PMs as a known alternative to the issue of worthless fiat. We cannot say nothing has changed, for price just got lower, but the attempt to destroy whatever opposes fiat debt is obviously a high priority for central planners, and their message is very clear: they will stop at nothing to continue their fraud. Nothing.”

Silver – A Bipolar Roller Coaster (GE Christenson)

Silver investing felt like a bipolar roller coaster ride – manic up followed by depressing down. You began to self-medicate with alcohol and wishful thinking. You sought out others who agreed with you, told you what you wanted to hear, and...it goes on and on.

‘Every excuse in the book’: When insurance companies don’t pay up (westcoastjan)

The claimant in this case was a welder who was injured on the job. The judge noted the man, who suffered a permanent disability, was offered a “ridiculously low” settlement as the insurance companies dragged its feet for years on the claim.

Stephen Hawking: Explore space for humanity's sake (Arthur Robey)

The 71-year-old Hawking said he did not think humans would survive another 1,000 years "without escaping beyond our fragile planet."

Increasingly Immediate Impulses to Buy the Dip (or, How to Blow a Bubble) (Chris M.)

Undoubtedly, the hope is that the exchange will be for some productive purpose like new investment or constructive demand, but QE cannot create those productive opportunities, and there are already enough credit mechanisms to fund them even when a cash balance is not in hand. The actual effect of QE is to provoke constant yield-seeking for securities that hold out the promise of relieving the discomfort of a zero interest rate. This process has now become pathological, because it has gone to the point that investors are now finding “yield” where yield is illusory.

Gold & Silver

Click to read the Gold & Silver Digest: 4/11/13

Provided daily by the Peak Prosperity Gold & Silver Group

Article suggestions for the Daily Digest can be sent to [email protected]. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the "3 Es."


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Sacrificing our future for money today

"It is bad enough that the Chinese have illegally entered our seas, navigated without boat papers and crashed recklessly into a national marine park and World Heritage Site," said WWF-Philippines chief executive officer Jose Ma. Lorenzo Tan. "It is simply deplorable that they appear to be posing as fishermen to trade in illegal wildlife."


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