Greg Hunter is hosting Michael Snyder this time, who provides a lot of very well researched facts for your own consideration about the state of the economy. With latest reports about tampering the all important employment numbers at Census Bureau our quest for Gold and Silver manipulations acknowledgement and confirmation can be assured in the not so distant future.
Gold: PBOC to ‘Basically’ End Normal Yuan Intervention, Zhou Says GLD, MUX, TNR.v, GDX
"Now we have a better insight into the recent record level Gold buying by China. Head of PBOC talks about currency flexibility and acceleration of yuan convertibility. All announced reforms target to jump start the new phase of Chinese economic growth with Internal Consumption becoming the main driver. In this situation stronger Yuan means stronger purchasing power in China, less US Treasuries buying (which is happening already) and higher commodity prices in US Dollar terms."Time Is To Go For Gold: Bitcoin Just Crashed ... Again – High Above $900 And Just Low at $540 GLD, MUX, TNR.v, GDX
"Time is to go for Gold and for the real one this time - Bitcoin "Gold 2.0" status will be killed by its parabolic rise and bust and maybe it is happening already. Just today the high was at $900.98 and the low at $502.62, according to mtgox.com. With this kind of volatility Bitcoin will be struggling to become The Currency, it is traders paradise for now, but it looks like our scenario $2000 - $50 (put your own numbers here) can happen very soon."Gold Demand Shift To Asia Amazing GLD, MUX, TNR.v, GDX
"With COMEX Gold inventory going every week down and leverage in the Fractional Gold Reserve System standing at 69 all-time-high now, China's and others Asian countries' appetite for Gold is truly amazing. In order to balance this dramatic divergence we need much higher Gold prices to make the additional Gold supply available.
Gold mining companies are cutting the projects pipeline and putting exploration and new development on hold restricting future Gold supply even more."
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