Tuesday, November 27, 2012

Source: Deutsche Bank Fulfilled Recent Gold Repatriation Request With Tungsten Salted Gold

from Silver Doctors:
An Austrian banking source has reportedly claimed that Deutsche Bank ‘fulfilled’ one gold repatriation in recent years with the help of Tungsten and further claims that the tungsten salted gold bars have turned up in Asia.
In 2009, Rob Kirby first uncovered detailed information regarding a massive plot to replace 400 oz good delivery gold bars with highly sophisticated tungsten filled fakes- and even provided evidence that the bars had been swapped with the gold held at Fort Knox.
Widely scoffed at by the financial media in 2009, Kirby appears to have released a Pulitzer worthy story nearly half a decade ahead of its time, as if the Austrian source’s claims are true and Deutsche Bank has in fact fulfilled a recent gold repatriation request with gold plated tungsten, the ramifications are that not only is every single claim made by GATA regarding gold and silver manipulation are 100% accurate, but that real, physical metal is now in desperately short supply and the jig is nearly up for the bullion bank cartel.
Read More @ SilverDoctors.com

We Are About To Crush 15 Years Of Resistance In Gold & Silver

from KingWorldNews:
Today John Embry told King World News that we are about to crush 15 years of resistance in gold and silver. Here is what Embry, who is chief investment strategist at Sprott Asset Management, had to say: “Friday was a solid day, but I could have bet my life that we would see exactly what’s transpired today. There has been no follow through whatsoever and that’s become the norm. Essentially, they don’t want people to get excited about this sector, so when it pops up in price they make sure there is no follow through.
But you have to understand the extent to which the gain on Friday was fought. There were explosions in open interest on the COMEX. Open interest in gold contracts increased over 14,000 contracts. Open interest increased almost 4,000 contracts in silver.
These are big numbers…”
John Embry continues @ KingWorldNews.com

Arcos Dorados Holding Inc (NYSE: ARCO)

Arcos Dorados Holdings, Inc. is an Argentina-based company engaged in the operation of McDonald's franchisees. The Company serves over 4 million customers through the operation of 1,840 McDonald's-branded restaurants in 20 Latin American countries, such as Argentina, Brazil, Chile, Colombia, Costa Rica, Ecuador, French Guiana, Trinidad & Tobago, Mexico, Peru, Guadeloupe and Panama, among others.

To review Arcos' stock, please take a look at the below with my added notations:
1-year chart of ARCO (Arcos Dorados Holdings, Inc.)
ARCO had been in an overall sideways move since May. During that time, the stock had held a clear level of support at $12 (red). Even though the market has caused most stocks to move higher over most of the last 6 months, ARCO had not been able to follow along and has recently broken below $12. This breakdown is both a new 52-week low and a break of a clearly defined support level.

450,000 Businesses Shut Down in Italy; Non-Performing Loans Jump 15.3%, Write-Downs 21.6%

by Mike Shedlock, Global Economic Analysis:
Here are a couple of interesting economic links from Italy courtesy of reader Andrea. The translations from Italian are a bit choppy, but the gist of the articles is easily understandable.
450,000 Businesses Shut Down in Italy in Three Years
La Stampa reports 450,000 Businesses Shut Down in Italy in Three Years.

In just three years, from 2010 to 2012, about 450,000 companies closed with a loss of over 300,000 jobs, while the Italians caught up in terms of wear [usurious loans] increased to 600,000.
Read More @ GlobalEconomicAnalysis.blogspot.com

Chart of the Day - Delphi Automotive (DLPH)

The "Chart of the Day" is Delphi Automotive (DLPH), which showed up on Friday's Barchart "All-Time High" list. Delphi on Friday posted a new all-time high of $34.10 and closed +1.34%. TrendSpotter turned long on Nov 19 at $33.37. In recent news on the stock, RW Baird on Nov 2 said that Delphi continues to be a top idea due to strong cash flow and operational execution. Baird reiterated its Outperform rating and raised its target to $41 from $36. Deutsche Bank on Nov 2 reinstated research coverage on Delphi with a Buy and a target of $41. Delphi on Nov 1 reported Q3 EPS of 84 cents, well above the consensus of 73 cents. Delphi Automotive, with a market cap of $10 billion, is a vehicle components manufacturer and provides electrical and electronic, powertrain, safety and thermal technology solutions to the global automotive and commercial vehicle markets.


4 Charts – the US Dollar, Gasoline, Gold and Silver

I have four charts for you.
Look at a chart of the US dollar index …
Usually, when the value of the dollar goes lower, the value of precious metals goes higher.

Breakout in Chip Stock Could Land Traders Double-Digit Profits

My son-in-law, Andrew, is a techie. An electrical engineer and electronic hobbyist, he can rattle off information about nearly every kind of semiconductor on the market. Sometimes it's more detail than I want to know -- how the chip works, what it controls and how it's best used.

Andrew knows I follow the market closely, and in a burst of enthusiasm he recently said I should look at ARM Holdings (NASDAQ: ARMH). Their chips, he commented, currently "rule the market."

The trader in me needed no further encouragement. I checked the chart and saw an extremely bullish, low-risk technical pattern. And when I analyzed the fundamentals, I found a strong outlook.
ARM Holdings has quickly become the market leader in processors for mobile devices, cutting into Intel's (NASDAQ: INTC) lead in computer and server markets. In fact, ARMH has found its way into over 95% of all mobile phones, and over a quarter of all electronic devices worldwide.

The chip is so popular because it performs well on very low power, making it ideal for battery-operated electronics, like smartphones and tablets.

In addition to being a leading chipmaker, ARM Holdings is the world's largest holder of intellectual property (IP) on semiconductors. ARMH designs and licenses its technology to tech companies, like Apple (NASDAQ: AAPL) or Microsoft (NASDAQ: MSFT). Each company pays a licensing and royalty fee for every ARMH chip used, adding up to big dollars for the company. (more)

Gold closing in on yen price record

Gold coin graph Precious metals made strong gains on Friday, largely as a result of weak volume at the Comex futures market in New York. Thanksgiving last Thursday meant fewer participants in US futures trading on Friday, with traders taking the opportunity for a long weekend. Lack of liquidity in a market exacerbates any up or downside move; in this instance, it was the bulls’ lucky day.

Gold needs to hang above $1,740 and silver above $34 if this move is to have any lasting significance. Bulls will be encouraged by trading this morning though, with the metals holding above these levels despite more uncertainty about whether or not European finance ministers (meeting today) will agree to dispense more aid to Greece. The EURUSD, copper, the FTSE All-World equity index and US Treasury yields are down, yet gold and silver are still hanging in there – with silver in particular showing impressive resilience considering the pressure on growth assets.

Day-to-day price moves come and go, and there is often little logic to them. Last Friday was a case in point: bad news about EU budget talks coincided with a surge in the euro against the dollar, which is the opposite of what we’d normally expect. Long-term trends are however more identifiable, and one particularly interesting longer-term trend to look at right now is the Japanese yen’s performance against gold, as done in a chart courtesy of the GotGoldReport.

Gold has clearly broken out of a period of consolidation versus the yen, with Japanese politicians seemingly at last convincing the markets that they mean what they say when they state they want a much weaker yen. Priced in yen gold is now within a whisker of its all time high around ¥146,000 per ounce.

Another event that Western analysts may pay too little attention to is confirmation that Turkey has been using gold to pay for Iranian natural gas – thus neatly sidestepping US-led sanctions against Tehran. The idea of “gold as money” may be an alien concept in the modern West, but not in Asia.
The new podcast interview we are releasing today with Amphora Commodities’ John Butler – author of The Golden Revolution: How to Prepare for the Coming Global Gold Standard – may be worth listening to in this regard.