Recent news headlines (updated several times each trading day).
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All of Wednesday's Yahoo news headlines, for the 1,586 gold and silver mining stocks tracked at GoldMinerPulse, are presented below.
Use the more link to access the complete news story from Yahoo or the Yahoo news source. Use the visit link to access the company's website for more information.
Note: Shanghai Gold Exchange metrics have moved to the Shanghai Gold Exchange (SGE) webpage.
How the bankers crashed the gold market - again!, Mineweb, 23 April 2013.
Interestingly, the driving down of the price may not have directly involved the Fed (although there could perhaps have been some collusion) - but relates initially to a drawdown in physical stocks of gold on COMEX and in the JP Morgan vaults (and perhaps others too) to levels which could seriously damage the short position holders in the metals. While the analysis is yet another theory on what actually happened, its parallels with the gold price take-down of December 2011 are too close to be ignored - even down to a total breakdown of the computer systems allowing trading of physical gold at a critical point in the price action. Too unlikely perhaps to be a coincidence. more...
Why the Western Banking Cartel's Gold and Silver Price Slam Will Backfire - And How You Can Protect Yourself from the Blowback, smartknowledgeu blog posted on Zerohedge, 22 April 2013
Currently it seems as if the disinformation about the reasons why gold and silver paper prices have fallen so quickly seem to outnumber the real reasons at least 10 to 1 in the mass media and though there have been some solid commentaries already regarding the real reasons why gold and silver paper prices have fallen (that have zero to do with the rubbish the mass media is selling the public), I feel that one can never have enough articles that try to disseminate the truth, especially when the truth is being bullied into submission by those with captive platforms from which to sell their fake agendas. Thus, in this article, I will discuss the truth about the current banker executed gold/silver raid and why it will ultimately FAIL. more...
JPMorgan's Eligible Gold Plummets 65% In 24 Hours To All Time Low, ZeroHedge, 25 April 2013
What happened to the commercial gold vaulted with JPM, and what was the reason for the historic drawdown?
Gold, unlike fiat, is not created out of thin air, nor can it be shred or deleted. Where did the gold leaving the JPM warehouse end up (especially since registered JPM and total Comex gold has been relatively flat over the same period)?
Did any of this gold make its way across the street, and end up at the vault of the building located at 33 Liberty street?
What happens if and/or when the JPM vault is empty of commercial gold, and JPM receives a delivery notice?
Sinclair - Full-Blown Panic As People Ask “Where Is The Gold?”, KingWorldNews, 24 April 2013
This has created an atmosphere where individuals are now panicking in an attempt to get possession of their physical gold, but they are being met with strong resistance, or the contracts are simply being changed unilaterally just like we saw back in 1980 on the COMEX.
So in the fullness of time the history books will show that once again the gold market went through a crisis brought on by the dwindling supply of available physical gold. The striking difference between 1980 and today is that this time the physical really is gone. This is the frightening reality of what the financial world is facing today, and I can assure you there will be hell to pay before this is over.
Maguire - Elaborates On The LBMA Default & Ensuing Panic, KingWorldNews, 22 April 2013
...(ABN AMRO) really was the tip of the iceberg. What happened was that we saw that first bullion bank create the first visible default of the LBMA fractional reserve system. I hear of other clients who are now panicking, and what happens? You get an official intervention. That's what it (the takedown in gold and silver) was all about." more...
Sinclair - Swiss Bank Just Refused To Give My Friend His Gold, KingWorldNews, 22 April 2013
The bottom line here is the paper market for gold may have just lit itself on fire, and served to burn the manipulators' houses to the ground. You've heard of the phrase, 'The emperor has no clothes.' Well, this is infinitely worse because it is finally being revealed that the paper market for gold, in fact, has no gold." more...
Comex Gold Inventories Collapse By Largest Amount Ever on Record, Bull Market Thinking, 9 April 2013.
Over the last 90 days without any announcement, stocks of gold held at Comex warehouses plunged by the largest figure ever on record during a single quarter since eligible record keeping began in 2001 (roughly the beginning of the bull market). more....
Another Gold Shortage? Dutch ABN To Halt Physical Gold Delivery Tyler Burden on Zerohedge, 24 March 2013
Based on a letter to clients over the weekend, it appears Dutch megabank ABN Amro is changing its precious metals custodian rules and "will no longer allow physical delivery." Have no fear, they reassuringly add, your account will be settled at the bid or offer price in the 'market' and "you need to do nothing" as "we have your investments in precious metals." more..., including the ABN-AMRO letter
Endeavour Silver Implements Cost Reductions, Revises 2013 Financial Plan to Reflect Lower Precious Metal Prices, 29 April 2013.
Endeavour Silver Corp. (TSX: EDR, NYSE: EXK) announced today it has implemented cost reductions and revised its 2013 financial plan in response to reduced metal price expectations for the year.
Elgin Mining Announces Cost Cutting Measures And Revised Capital Allocation Plan, 29 April 2013.
The Lupin Gold Project capital and operational development budget has been significantly curtailed with expenditures being reduced by approximately $5.3 million for 2013. The camp has already been shut down. Work will continue, where necessary to ensure all permits are kept in good standing.