Gold & Precious Metals

ComEX Halts Gold Trading Twice In One Day After $200 Million Sell Trades

Today’s AM fix was USD 1,248.50, EUR 929.64 and GBP 775.76 per ounce.
Yesterday’s AM fix was USD 1,271.50, EUR 939.69 and GBP 787.11 per ounce.

Gold fell $28.70 or 2.25% yesterday, closing at $1,244.70/oz. Silver slid $0.47 or 2.31% closing at $19.85/oz. Platinum dropped $22.80 or 1.6% to $1,389.00/oz, while palladium fell $9.75 or 1.4% to $708.25/oz.

Gold was trading near four month lows today after its biggest drop in seven weeks yesterday. Another bout of peculiar concentrated selling led to Comex halting trading in December gold futures twice yesterday, the fourth time in less than 3 months.

goldcore bloomberg chart1 21-11-13-1

Gold in U.S. Dollars  and Suspensions Of COMEX Gold Trading – 3 Month (Bloomberg)

….read more HERE

Dropbox Planning Fresh Funding, Valuing It Worth $8 Billion [Report]

Dropbox Inc, a file-sharing and storage start-up, is planning to raise $250 million in additional funding. The funding would take the value of the fast growing company to over $8 billion, as reported by Bloomberg Businessweek. Dropbox joins the elite list of tech start ups The six-year-old company joins the list of the Silicon Valley…

….full article HERE

I think the gold “dumping” has reached an extreme in more ways than one…

http://blogs.marketwatch.com/thetell/2013/11/20/1-million-in-gold-found-in-airplane-toilet/

Peter Grandich

Athletes & Business Alliance www.scoreforbusiness.com

Trinity Financial, Sports & Entertainment Management Co. www.trinityfsem.com

This message, and any attachments to it, may contain information that is privileged, confidential, and exempt from disclosure under applicable law. If the reader of this message is not the intended recipient, you are notified that any use, dissemination, distribution, copying, or communication of this message is strictly prohibited. If you have received this message in error, please notify the sender immediately by return e-mail and delete the message and any attachments. Thank you.

OIl & Gas: The Lomonosov Ridge Mystery”

OIl & Gas: “All Hell is Breaking Loose in the Arctic”

On days like today, I don’t have to spend much time deciding which of the dozens of teaser pitches we receive to cover — it’s unanimous, Gumshoe readers are crying out for a solution to the latest pitch from Dr. Kent Moors.

Moors is an energy expert and Duquesne professor, and he sells the expertise he’s gained as an energy consultant over the years by turning it into stock ideas that are sold through both an entry level newsletter (Energy Advantage) and an “upgrade” letter for those folks who want his very best super-secret ideas called Energy Inner Circle.

That basic strategy is not, of course, unique to Dr. Moors or to his publisher, Money Map Press — every newsletter publisher’s goal is to break even on the $39 subscriptions and use those people as the marketing pool for their super-lucrative $300 or $1,200 or $5,000 newsletters. From the comments I get this makes readers crazy (“I already paid for this guy’s information that he promised would be awesome, why is he now offering to sell me something better for a lot more money?”), but it also must work great … because everyone does it.

But anyway, most of you don’t care about this “behind the veil” stuff about newsletterland — you just want the idea, right? So let’s try to ID it for you.

Dr. Moors’ pitch is based on the Russian push to dominate the next wave of oil discovery and production in the Arctic — they got a lot of attention for planting their flag on the sea bed at the North Pole six years ago, part of a global dispute over territory in the arctic, territory that is becoming open to energy exploration and additional sea traffic partly because of receding ice and partly because of new technologies. Norway, Denmark, Canada, the US and several other countries with arctic borders are disputing Russia’s claim that it “owns” the 2/3 or so of the subsea arctic that extends North of their land mass, and the current international agreement is for a 200 mile “economic zone,” so the political squabbling will no doubt continue for a long time — and become much more vociferous if natural resources can feasibly be extracted. Moors reports the claim that 20% of the world’s oil and gas reserves are waiting to be discovered or developed deep under the northern ice, and it’s a huge area so, well, who knows?

But his big claim for this pitch is that the other pundits who recommend the arctic explorers and the oil majors who are staking claims off of Greenland or Alaska or north of Russia or Canada aren’t the best idea for making money — largely because it will take years and years before any of this bears fruit.

No, he says that the best way to profit immediately is by buying the subsea pipeline expert that can build the infrastructure for this arctic work.

Here’s a taste of the big picture tease, just to get you up to speed:

Screen Shot 2013-11-21 at 4.44.37 AM

…..read more HERE (Warning, its long)

Silver’s Secret “Doubling Effect”

This can’t wait another minute…

After eight months of intensive research, we’re finally ready to spill the beans concerning a powerful investment tool that allows you to collectdouble the gains made by silver.

In other words, for every 1% increase in the price of silver you make 2%… a 10% gain pays you 20%, etc.

It’s absolutely phenomenal!

From late June through late August, as silver climbed 32.2%… this investment added 71.2%!

Take a look:

silvers-doubling-effect

What’s even more amazing is that, thanks to a slew of factors already set in motion (the economy, the Fed’s ridiculous money printing, rate cuts to virtually zero, and the dollar preparing for a nosedive), silver prices are more than primed to skyrocket.

In fact, this has already started.

In this report, we outline all the details.

We even show you exactly how you could start profiting from this silver surge today — while it’s still early!

You don’t want to miss this one.

To your wealth,

Jimmy Mengel Signature

Jimmy Mengel
Editor, The Crow’s Nest

test-php-789