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Silver and gold lurch higher after an early dive
Reuters | 05-20-2013

Gold bounces higher after 7-session losing streak; Silver rebounds from lowest level since 2010
Market Watch | 05-20-2013

Gold rises, snapping 7-session losing streak; Silver rebounds from lowest level since 2010 | May 20, 2013

Dollar falls as Fed’s Evans calls for more time to print | May 20, 2013

Where Does Gold Go From Here? Longest losing streak in four years. | May 20, 2013

Jim Rogers: The Commodities Bull Market Is Still On | May 20, 2013

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Monday Edition: May 20, 2013

GoldSeek.com Radio - May 17, 2013: Peter Schiff and Chris Waltzek
By: GoldSeek.com Radio - May 17, 2013: Peter Schiff and Chris Waltzek
GoldSeek.com Radio - May 17, 2013: Peter Schiff, Pastor Lindsey Williams and Chris Waltzek

George Soros switches from physical gold to gold stocks and that is very bullish for gold prices
By: Peter Cooper, Arabian Money
The Soros Investment Fund’s 13F filing does indeed show the sale of 12 per cent of his total investment in GLD. But it also reveals that he then used $40 million of that cash to buy shares of the Market Vectors Gold Miner Major ETF (GDX).

Then he also bought $25 million worth of call options on the Market Vectors Gold Miner Junior ETF (GDXJ).

Brent Cook's Primer on Reading Drill Result Press Releases
By: The Gold Report
Everything I have seen published by both the companies and the analysts suggests that the all-in average cost of production for larger mining companies is in the $1,300–1,500/ounce range. That is a tight margin at the current price. Companies are cutting back on exploration and capital expenses (capex). That may help in the short run, but it will not solve the problem.

It’s Official: Gold is Now the Most Hated Asset Class
By: Pater Tenebrarum
Not a day passes without the financial media denouncing gold as an investment option and hailing the bureaucrats heading the world's monopolist monetary central planning agencies as superheroes. It began prior to gold's recent breakdown, with widely cited bearish reports on gold published by Credit Suisse and Goldman Sachs, among others. Never mind that most of their arguments were easily unmasked as spurious. It should be no wonder though: gold's rise was the most conspicuous evidence of faith in central banking being slowly but surely undermined. The banking cartel relies on the fiat money system remaining intact; the legal privilege of fractional reserve banking provides it with what is an essentially fraudulent profit center unparalleled by any other in the world (fraudulent in terms of traditional legal principles, but not in terms of the current law of course).

A Wounded (Gold) Bull
By: Mary Anne & Pamela Aden
It’s already been a month since gold fell almost $200 in two trading days. This head-spinning drop damaged the bull market. It broke the back of a STRONG market, but that doesn’t necessarily mean the mega uptrend is over.

Our first potential downside target level for gold at the $1300 to $1450 level was reached. And we could see gold decline further in the months ahead before a bottom is found.

Gold Market Update: May 19th, 2013
By: Clive Maund
For those of you who are short of time and are accustomed to scrolling down to the bottom of an article to read its conclusions I’m going to save you the trouble by putting the conclusions at the start: the broad US stock markets are approaching a parabolic blow off top and should be sold, and gold and silver are bottoming and should be bought. If you have fallen to the floor laughing at this suggestion it is a sign that you have been brainwashed by The Ministry of Disinformation and you are warned to pull yourself together and take the time to calmly consider the hard facts presented below – otherwise you won’t be laughing at all in a few months when YOU will be lying face down in the dirt with tire tracks across your back.

Hong Kong Mercantile Exchange to Close Monday, Gold and Silver Paper Contracts will have Cash Settlements
By: Hong Kong Mercantile Exchange (HKMEx)
The voluntary surrender decision was made to enable the Exchange to re-align its strategy with the new industry environment since its trading revenues have not been sufficient to support operating expenses and, as a result, its inability to meet the required regulatory financial conditions.

Metals Market Update: May 20, 2013
By: The Hightower Report
However, in the short term the gold market might have to see production derailed to offset the current wave of investment liquidation. Gold may have even drafted some support off news reports overnight of strong Indian demand and Indian equities lifting the Indian currency but apparently not enough to send gold prices higher overnight. Comex Gold Stocks were 7.968 million ounces up 766 ounces. Gold stocks have declined in 12 of the last 20 days.

Falling Prices Are Natural
By: Steve Saville. Speculative Investor
In previous commentaries we've discussed the apparent discrepancy between what has been happening to the money supply and what has been happening to "price inflation". We don't want to go back over this ground in today's report, other than to note the following: First, there is plenty of "price inflation" if you know where to look for it. The new all-time nominal price high for the US stock market and the surging demand for junk bonds are two examples. Second, monetary inflation's effects on prices are always non-uniform and can encompass large and variable time lags, making the exact price response impossible to predict and difficult to correctly interpret.

Motive, Means, & Opportunity in the Gold Market
By: GE Christenson
You have the OPPORTUNITY to buy gold and silver at a huge discount to their real value – just my opinion – but both are “on sale” at current prices. (Gold is currently priced about the same as in late 2010.) “But can’t they go lower?” Yes, of course, gold could drop to $1,000, the Middle East could be transformed into a region of tranquility, peace, and cooperative people, and the US Congress could balance the budget. But as long as governments and central banks are “pushing paper,” digitally printing unbacked currencies, and overspending their revenues, the price of gold will increase – just my opinion – to much higher than it is today.

Bank Balances and Gold
By: Alasdair Macleod, GoldMoney
There has been a growing shift in favour of assets relative to bank deposits. This was initially encouraged by zero interest rates, but more recently there is little doubt that Cyprus’s bail-in has accelerated the trend. This explains the bull markets in bonds and equities, which conveniently underwrites the entire banking system. It is however too early to offer evidence of falling deposit balances held by non-banks and the general public because depositors as a whole have been remarkably complacent, but there is ample evidence that liquidity from monetary expansion is inflating financial assets faster than bank deposits.

Gold & Silver Market Morning: May 20, 2013
By: Julian D. W. Phillips, Gold Forecaster - Global Watch
With the Japanese Yen attracting so much attention because of the QE stimulus being applied that now, ‘coincidentally’ triggering a fall in the Yen to 102+ at the moment, little attention has been given to the Swiss Franc’s forced weakening. It now stands at 0.9677 against the dollar after falling from 0.934 of late. This confirms that the world’s ‘safe haven’ currencies are being forced weaker by their central banks and that competitive devaluations are alive and well.

Fresh Plunge in Precious Metals "Natural" as Bearish Money Managers Hold "Upper Hand" Over Asian Household Buyers
By: Adrian Ash, BullionVault
Commenting on the central bank's campaign to deter gold demand – first by imposing those new import restructions, but also by asking commercial banks to promote coins and bars less aggressively, in a bid to reduce India's trade deficit – "I don't know whether it would lead to reduction in consumption," Chaudhuri says.

"In India there is such a fascination for gold. What stops people from going to the jewelry shops and banks?"

Silver Surges 6.8% From Lows After Slammed 10% Lower In 4 Minutes
By: GoldCore
It is likely that the very aggressive selling in illiquid Asian markets overnight was by a large hedge fund or bank or a combination of hedge funds and banks with deep pockets. Reuters quoted an analyst at a Japanese bank who said that silver’s price falls were due to one “unidentified investor”.

Give It A Doubt
By: Richard (Rick) Mills
The herd is convinced the commodities boom is over. Doom and gloom, the sky is falling, the bears argument sounds convincing - growth has stopped, economies are slowing. Looking at the TSX.V’s performance (most of the world’s mineral exploration firms call the Venture Exchange home) it’s as if people are convinced the need to search for, develop and mine new mineral deposits is over.

Gold and Silver Disaggregated COT Report (DCOT) for May 17
By: Gene Arensberg
The Big Hedgers, including bullion banks, had gotten "very small" in the number of their net hedges with gold near $1425 and silver $23.38 in other words.

Both gold and silver have continued lower since then, ending the week near $1360 and $22.26 respectively.

Interestingly, premiums for physical metal on the street exploded higher in 2008, just as they are doing now.

Metals Weak While Market March On
By: Warren Bevan, Wizzen Trading
We had another spectacular week while the markets and stocks just won’t quit. I hate to rub it in if you’re a suffering mining investor mainly. Trust me, I feel your pain.

Gold Supply and Demand Fundamentals for Q1 2013
By: Jason Hamlin, Gold Stock Bull
I am a buyer at current levels and believe purchasing in tranches is sound advice for any investor looking to take advantage of the discounted prices in both physical metals and mining equities. While it might be more exciting to chase exploding prices higher, the majority of profits are made by those that buy before lift-off, when everyone else is too scared to act.

How to Choose a Financial Advisor
By: Dennis Miller
My real message is simple. Many of the investment products a good professional advisor can offer are incredibly complicated. They truly need to be tailored specifically to an individual's needs. You and I might both need glasses, but our prescriptions are probably quite different, and only a real doctor can prescribe the right lenses. The same holds true for an advisor recommending financial products.

All Japan, All the Time
By: John Mauldin
All Japan, All the Time
Let’s Export Our Deflation
The Hard Part: Structural Reform
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