3 Minute Gold News
A Quick Read for Busy People
Gold is $1,290.90 US per ounce via Kitco
Gold Prices Rise as Stocks, Dollar Pull Back via The Wall Street Journal
Gold prices up higher Tuesday as losses in U.S. equities and a pullback in the dollar spurred investors’ appetite for the precious metal as a haven asset.
Dutch Central Bank Says It Didn’t Buy Gold in December via Kitco News
To add confusion to the gold market, the Dutch central bank says that it hasn’t increased its gold reserves, correcting earlier information from the International Monetary Fund.
The Dutch central bank did repatriate (bring home) 122.5 tonnes of gold back to Amsterdam from the U.S. in November, but they didn’t buy more. Even the IMF doesn’t know all that’s going on with gold.
Gold Rises on Soft Dollar Ahead of Fed Rate Meeting via CNBC
Gold edged up on Tuesday as the dollar and shares eased ahead of a U.S. Federal Reserve policy meeting that may push back expectations for when U.S. interest rates will start to rise.
Hedge Funds Snap Up Gold But Where’s It Heading? via CNBC
Hedge funds are upping their net long positions to levels not seen for almost two years.
Masked Men Crash SUV into San Fransisco Museum and Steal 10 oz. of Gold via Los Angeles Times
Here’s a new meaning to the term “gold rush.”
Tuesday Jan 27, 2014
So, the mainstream media is starting to report on the safe haven buying of gold.
The tone of the articles is an “isn’t this weird” vibe. The long season gold and economist people have been suggesting (or heavily advising) that their followers purchase gold bullion, because they see an alarming upheaval ahead and gold is the only thing that keeps its value.
The mainstream is exactly that — mainstream. Mainstream news reports on what is happening. We alternatives are looking at the past, at patterns, and making suggesting on what is going to happen and how to prepare for it.
My part to play is in the artist mind. There are many good economists who will show you graphs and numbers. I lean towards the discipline of the field of communications — how the message or idea goes from one person, is coded, goes through a medium (or a group of media), and is uncoded to another person or group of people. That’s the essence of media. It can include propaganda (renamed social relations after World War 11), and deals with power imbalances, manipulation and persuasion.
I use music and lyrics in metaphor to link things we are familiar with to something the listener may not have noticed before. I use this blog for the same thing.
There’s an economic winter coming. It could be a mild freeze or a blinding snowstorm, depending on where you live and how you have prepared. But the mainstream, though not reporting a prediction for the future, is now reporting on news items that add up to a picture showing that there is uncertainty and an imbalance in power. There is tension in many places. Trust is falling apart — many times for good reason.
Parties are jockeying for position now, and if you watch you will see that we are being publicly told one thing, while they are doing another. The Swiss central bank’s recent unannounced split from the euro peg, while very recently reassuring it would stay pegged, is an example.
Empires rise and fall. Big ones and little ones. If they make it through the winter then they have a beautiful spring. If not, then they are absorbed by another empire, either physically or financially.
My aim is to see beauty and feel solid and balanced while it’s all happening. My art is to point to ideas that might give others the feeling of “me too” and bring inspiration for their own way to see beauty and feel solid as well.
Get yourself some financial mittens even though the sun is shining — and slip in a bit of silver and gold.
Preparing for the Fall, is a boutique live solo album available on iTunes. Album includes the singles Wag the Dog, Black Swan Dive, Bye Bye Miss American Pie and Gods of the Copybook Headings.
Wag the Dog (Drums of War and Backroom Banker Passes)
words and music Elaine Diane Taylor
© 2014 Intelligentsia Media Inc. All rights reserved.
from the album Preparing for the Fall available on iTunes
Another Week on Wall Street (Naked Short Selling and Fiat Currency)
words and music Elaine Diane Taylor
© 2013 Intelligentsia Media Inc. All rights reserved.
from the album Coins and Crowns available on iTunes