This page has been archived and commenting is disabled.
News Reporting Compare And Contrast
Just out from Bloomberg:
...
And then, straight from the source in India, via the Times of India.
Then again, what could India possibly know about the demand picture in its own market, that Bloomberg doesn't...
»
- 11249 reads
- Printer-friendly version
- Send to friend
- advertisements -
Any word on gold ETF sales in India?
To quote:
Physical demand of gold declines by 15% in a week; no immediate recovery seenhttp://www.gracelandupdates.com/images/stories/13maya/2013may28india1.pd...
Got Propaganda?
The Ministry of Truth has apparently not yet opened offices in India.
BOSTON (Rueters) -- Area residents continue to report satisfaction and relief after militarized law-enforcement and threat-assertion squads removed them from their homes and conducted unwarranted searches and seizures.
"I was so grateful that they would offer their time and effort to verify that no one was hiding in my home," said resident Paul E Anna. "They even removed some spare cash that was in my freezer so that it wouldn't accidentally used to purchase drugs or weapons."
Another resident added, "it is fortunate that they took the time to confiscate my car. They explained to me that a car can be used by the 'bad guys' to move contraband like drugs or weapons or immigrants across borders."
"At first I was hesitant to give them the PIN number for my bank account, but after they put the cloth over my face and poured water in my nose, I began to appreciate that they were in the best position to safeguard my savings from being mis-used by the bad guys."
"I feel much more secure now that they have placed me in this structure. They provide meals here, and I know that I am safe from the bad guys. The locks and the steel bars and the guards serve as powerful deterrents, keeping the bad guys away."
<In south India, the biggest market for gold consumption, the drop in demand in the past four days has been around 10-15%. Vinod Hayagriv, managing director of C Krishnaiah Chetty & Sons, said: "In the last two months, we have seen intensive buying of gold. Now there may be some ups and downs but that will not affect demand, going ahead. From last Friday onwards, there has been some drop in demand but that is temporary in nature." >
Let us go back to basics.
Financial markets are just money changers. Under the FED and UCB guidance and assistance their main functions were/are
· Looting and extorting money from governments, productive businesses, insurance companies, and pension funds
· Buying and corrupting politicians and economic environment
· Promoting international and domestic conflicts
· Spreading propaganda and misinformation
Broomberg news is just another Banking Mafia propaganda outlet. Truth and objectivity is not their business.
WTF is collusion anywayz?
There is NO collusion. Bloomberg's report was about the wholesale market which is dominated by smart money. The Times of India's report was about the retail market which is dominated by idiotic retail lemmings.
Who should we follow? Of course, the SMART MONEY.
Gold and silver to ZERO!
Die, gold and silver bugs!
Gold and silver bugs don't die
WE MULTIPLY
Yeah, just go ahead and multiply your losses.
I'm offended by your avatar and attitude, both which will subsequently be reported as discrimination.
How's that working out for you?
I see another gold/silver bug who can't face the fact that gold and silver are a bad investment.
eigen, we get it. You bought a Krugerrand at $1900 and you feel fleeced. There is nothing anyone can do on here for you.
Bullshit.
EigenNoValue does not own gold at all.
In fact, EigenNoValue probably has nothing at all.
The totality of it's comments represents the mindset of a suckling, pissed at the world for some reason and simply looking to make waves.
As with our long lost buddy named PUD, simply ignore and it will flee to other boards for more reaction.
“No collusion”.. I suppose a convincing argument can be made that bank reserves which are rare and precious get less valuable and precious but comparatively more rare by accident.. to a group on a short yellow bus.
My impression from the Rickards spots on the last two Kaiser Reports is that the CBs will continue to force the deflation of Gold until a) CB’s all kumbaya a new global monetary system into existence.. OR.. b) some unforeseen SNAFU of magnitude knocks them off or out the game,, OR.. c) China announces it has enough K tonnes of Au to turn it all upside down.
and, there's a notion that it's China doing a number on the pricing mechanism.. after all, it is the roach motel of gold nowadays..
Most of the trolls love to get kicked and beaten on. Why, I don't know.
@LittleHitler
Price of gold/silver will never go to zero, as it will always remain above the price of lead.
2 for you, 1 for me.
Ya, they've been a bad investment for about 6000 years...
Tell it to the Rotheschilds...
Troll....
Physical gold 'bugs' that have been 'bugs' for the last 5 years do not have losses. They are ahead by a wide margin.
Stock index 'bugs'....break even ?
All depends on when you buy and when you sell my friend.
"Stock index 'bugs'....break even ?"
Perhaps nominally but in terms of purchasing power, they're down 40-50% against gold since 2007 despite averages reaching "new highs" with gold and silver getting tuned.
I seem to remember "smart money" with hat In hand begging for bailout just a few years ago...
He said "Smart" Money, LOL Goes right along with paper ETF's
A collusion is like a collision, except both parties are going in the same direction.
presumably, you are referring to a 'tail-ender'...
in this case[eigenvalue] I suppose that the wag is tailing the god'(s wokker)????
Hellfire Club 2.0
I swear by and believe anything and everything Bloomberg puts in print.
And dont forget what Bloomberg says on TV.
I will never forget, that in autumn 2008 and spring 2009 Bloomberg TV in UK and Germany proclaimed every day louder and louder: Bloomberg moderators said day by day over a period of nearly two years.
They said: Germany is going to be hardest hit by the Financial crisis (post Lehmann) because it has the most outdated society in Europe. Old fashioned manufacturing jobs are responsible that Germany is not going to recover. While on the other side, the UK and the US with their modern service orientated industries will overcome this crisis fast and soon and will leave Germany behind.
The same is now with gold. The more Bloomberg is talking it down the more you can be sure the train is heading into the other direction.
Another wrong statement from BlombergTV hammered onto the minds of its viewers over years since 2008:
The Euro is a failed experiment while the Pound and the US Dollar are stable as a rock because the US and UK government can just do with their currency whatever they need to. While the Euro is a supranational currency based on nothing but faith in the ECBs statutes.
Irony is the ECB statutes have in principle only one point: The ECB has to maintain and safeguard the buying power of the Euro - nothing more and nothing less. Thats their prime obligation, however in times like this the ECB can of course not act as a complete independent organization. But for the people of Europe the Euro is a stable money and they know anyhow that with moneyprinting an economy can not be saved. Deep inside everybody has to agree, that only by structural changes and hard work over a longer period of time, say 5 to 10 years an improvement can be achieved. One has to be patient/ There is no wonder cure availbale fixing the problems within a few months.
The present economic crisis ( be it in the US or Europe) is a thing which stays for the next five to 10 years. And it has not yet reached the bottom. No matter what Blomberg propaganda trumpets into the world.
Bloomberg does not like to tell the truth because truth is a very, very dangerous thing especially for the power and money elites of the old and new continent.
The Bloomberg statute goes like this: Tell lies and make the people believe in the wrong things so that the owners of Bloomberg and friends do have the upper hand.
May 28, 2013 - 11:10 GMT Location: Shanghai KEYWORDS: Shanghai Futures Exchange , Shanghai Steel Exchange Center , Dazhong , Shanghai , Beijing , China Iron & Steel Assn , Cisa China’s spot steel prices continued to fall on Tuesday May 28 on supply pressure and a weakening billet market. In Beijing, grade III rebar traded at 3,540-3,610 yuan ($573-584) per tonne, down 10-20 yuan ($2-3) per tonne from Monday. In Shanghai, the same product traded at 3,290-3,370 yuan ($532-545) per tonne, down 30 yuan ($5) per tonne for the day. The market sentiment took a turn for the worse after rebar futures fell to its lowest level since September last year during Tuesday’s trading session. The most-traded October rebar contract on the Shanghai Futures Exchange settled 24...
it's about goddam time we got a rebar update.
The hot-rolled ribbed bars contract is the most liquid futures contract in China. Today's volume was over 3million.
Jew News
Vs.
Not Jew News
"With the twice embezzled money as a solid foundation, Mayer Amschel Rothschild decided to vastly expand his operations -- and become the first international banker.
A couple of years earlier Rothschild had sent his son, Nathan, to England to take care of the family business in that country. After a brief stay in Manchester, where he operated as a merchant, Nathan, on instructions from his father, moved to London and set up shop as a merchant banker. To get the operation under way Rothschild gave his son the three million dollars he had embezzled from William of Hess.
The Jewish Encyclopedia for 1905 tells us that Nathan invested the loot in "gold from the East India company knowing that it would be needed for Wellington's peninsula campaign." On the stolen money Nathan made "no less than four profits; (1) On the sale of Wellington's paper [which he bought at 50 cents on the dollar and collected at par; (2) on the sale of gold to Wellington; (3) on its repurchase; and (4) on forwarding it to Portugal. This was the beginning of the great fortunes of the house" (p. 494).
Yes, the Jewish Encyclopaedia claims that the great fortune accumulated by the Rothschilds over the years was based on the "businesslike"method of fraud."
http://www.biblebelievers.org.au/slavery.htm
Dude, are you really using that site as a "source"?!
Great story and all, and I LOVE the "Jewish Encyclopedia" mention... thus not anti-Semetic.
Put your tin hat back on and go back to reading Mein Kampft.
please cite your preferred[and upper management endorsed] sources and default type of head gear...
with the rest of us being rudderless and unsure which direction\speed is ummm "kosher" here anymore, we would surely appreciate knowing how to proceed in a safe and 'authorised' manner....
thank you in advance... we are always fascinated to secure the insights of the newly installed here...
the milling herd.
''To realize their fantasies of world domination, the neocons resorted to a triple discourse, as Laurent Guyénot shows in this study, i.e. a cynical political philosophy developed by their mentor Leo Strauss for domestic consumption; a cold analysis of Israeli strategic interests for the benefit of leaders in Tel Aviv, and a fear-mongering warning against imaginary dangers besetting U.S. public opinion.''
http://www.voltairenet.org/article178638.html
:James Speyer, international financier with banking interests in France, Germany (personal friend of Kaiser Wilhelm), Britain and America, member of The Pilgrims, was a supporter of the so-called Stable Money Association, and president for 1912-1914 of the Economic Club of New York (documented to be another anti-silver organization, see “The $150 Cufflinks,” Silver Investor archives.) Speyer, J.P. Morgan, the Stillmans, Rockefellers and Rothschilds (all Pilgrims Society interests) formed a syndicate in 1894-1895 which emptied the U.S. Treasury of $129 million in gold, then compelled the U.S. to issue interest bearing bonds to them in return for supplying gold; it was a Treasury raid...."
http://silverstealers.net/tss.html
"Wow ... I'm starving! How much for that loaf of bread and some fresh water?"
"Two grams of gold."
"I don't have any gold right now."
"You'll have to come back later."
Note to self......get more gold.
What a fucking dream job it must be to write for Bloomberg & Marketwatch. You do no work or research and just publish what your bosses tell you to write.
yes... but I really hope the money was worth selling their souls for...
And if you like the taste of boot polish, all the better.
The whole world is a fucking lie........it's the only way to keep THEIR system functioning
glenys was bullish last month:
http://www.bloomberg.com/news/2013-04-30/gold-rush-from-dubai-to-istanbu...
so was swansy:
http://www.bloomberg.com/news/2013-04-16/gold-bears-scarce-in-india-as-s...
bloomturd doesn't care if people are buying or selling, they just want high volume on the crimex. reporters don't care about quality, only quantity of articles.
us general was just in India coordinating on terrorism.
Congress party equals japans ldp.
http://timesofindia.indiatimes.com/india/India-US-seek-elimination-of-te...
All part of the same agenda
The reality is that following the plunge in prices, the dealers upped their margins. I can tell you that this pissed me off badly and led to me adding less than I otherwise would have to my holdings as I considered the move by dealers to be taking advantage of the situation.
Had the dealers kept their margins where they were there prior to the fall in gold prices, there would have been even greater demand than what we saw.
We must also keep in mind that the spot price is a mythical price and is never available to the public.
That was certainly not the case in Bangkok, where I watched an est. USD 10 million worth of bullion leave Hua Seng Heng by taxi and motorcyle in a single day in April - without any significant change in (negligible) markup over spot. I am still perplexed that they did NOT raise their prices, when people were queuing from the roadside to get into an otherwise big shop.
Go Tylers, expose the Amerikan media organizations for what they are....just like PRAVDA of the Soviet Union.
Though your unbounded enthusiasm is laudable, please reconsider the situation...
a desperate attempt to seize 'higher ground' by that faction of the competing parties within the "upper management" here, the usual suspects simply use the easy Bloomberg punching bag to try and restore credibilty where it has been sorely wasted...
we passive witnesses to the power struggle need be alert to the in's and out's of the daily doses of deception. Hopefully our allies on the inside will appreciate our failure to take the bait!
One is NEWS and the other is PROPAGANDA...I wonder which is Bloomturd's
Never heard of these small villages. Move on, keep shorting gold. See you guys below $1000.
It would only be about a $400 move in a pretty unforgiving fiscal market......stay cocky......bound to happen.
the propaganda campaign against the only 2 forms of real money has been relentless...
bloombitch has been worst than the others....
straight up lies and twisted disinformation...
KEEP STACKING........
"Finance Minister P Chidambaram today asked countrymen to contain their "uncontrolled passion" for gold and instead save in financial instruments.
"Have faith in our financial sector. Unfortunately, we have difficulty shedding our old habits and put our money in gold," he said while speaking at an event to mark the platinum anniversary celebrations of state-run Dena Bank.
"The uncontrolled passion for gold must be contained," Chidambaram said, reeling out data to show how increasing gold imports are hurting the Current Account Deficit (CAD). People should rather switch to financial products to funnel their savings, the minister said, adding that the soon-to-be-launched inflation indexed bonds are a very lucrative option."
http://www.indianexpress.com/news/contain-uncontrolled-passion-for-gold-...
Isn't that quote by Chidambaram rich? We note our important anniversaries by attaching to them symbols of value. 25 years...silver. 50 years...gold. 75 whopping years...platinum. And here we have a Indian Finance Minister speaking at the platinum anniversary of a bank and telling the serfs of his country to trust paper while poo-pooing their "old habits." Ah, the pleasure of life's little coincidences.
Maybe they are both right in an odd way. I've visited a lot of gold shops in Asia in the last month, including in India. Mid April there was very good floor traffic for a week or so. Then it died. Now, there is little traffic at all, even though gold fell below $1400 again. Premiums were down from mid April. Since Indian shops had few customers, maybe the TOI is right in that all the buyers were told to go home. Still, I'd go with Bloomberg on this, given the premiums I was quoted. For size, I found paper=physical, though that is not from the retail shops. Retail pays retail. Why does that surprise people?
As people become accustomed to <$1400, they do not seem to be in any hurry to buy, and certainly don't feel the need to pay excessive premiums.
Retail demand always spurts and dies quickly. However, if you press the price artificially low, you will always find over-consumption in the medium term. That's why, the wholesale market in London seems a bit tight at the moment.
Bullshit. You have no idea what's going on In London. The LBMA? Please enlighten us on all the dirtbag banks running that clown show. The usual suspects, Barclays, Citi, Credit Agricole, Deutsche Bank, HSBC, Goldman Sachs, Morgan Stanley, JP Morgan, Royal Bank of Scotland, Soc Gen, UBS and others.
http://www.lbma.org.uk/pages/index.cfm?page_id=63&title=full_members
So why not just STFU already? You're guessing just like the rest of us.
I would prefer that eigenvalue stay onboard as a valued member of our community... his\her message, unlike those of other sack sack wannabee distortionists on other gold\silverbugg-er sites... is always clean and clear... it's a 'death match'(a la "Slewie") tween the pm bugs and the fiat freaks... winner takes all!
in fact, if she\he is not one of the Tylers in-house traffic-drivers, I'll eat my tinfoil hat!
Dow up 140 points and the $ staggering around like a drunken sailor.
Bloomberg quotes the "gold price."
Times of India quotes the "price of gold."
The "gold price is what you pay for a futures contract, share of GLD etc.
The "price of gold" is what you will pay to own and hold physical in your hand.
"As people become accustomed to <$1400, they do not seem to be in any hurry to buy, and certainly don't feel the need to pay excessive premiums."
Agreed. I am holding off. My place has plenty of inventory and they won't budge below $1450. I think gold goes further down and I want to see my place flinch.
The irony of the anti-gold campaign is that its Central Bank perpetrators are shunning the one thing that comes closest to what they want; a single world currency.
The only distinguishable difference, of course, is that gold can’t be centrally controlled and manipulated, and therein lies their real problem with gold.
The irony of the anti-gold campaign is that its Central Bank perpetrators are shunning the one thing that comes closest to what they want; a single world currency.
Also, WHY are there not articles on the CB's CONTINUING to stck & Pile?.(that barbarous relic!)
I fucking hate the business MSM, and their den of vipers. I wish more people would call them out... But I am constantly astounded by how far people will go to chug the kool aid and defend the 'news' they 'report'.
There is just an industry short going on. Everyone on one side of the boat waving in more people to join them. If they were as long as they are short, I'd sell my gold. Reminds me of the Wall Street hysteria in 2008. So funny. Yes. I'll just go fetal under my desk instead of loading up like they said to do 4 years ago.
The story should be about an artifical sugar high in the equity markets that will take down the economy, yet, the clown show focuses on Gold! What a group of jackoffs
I feel there is a campaign to keep PM´s out of the game....they ...TPTB want PM´s to not be a threat to their gameplan....so they took it down....and have kept it down....I do think there will be some delivery issues soon...and as these fiat bubbles get bigger...we will find out where the holes are and I think TPTB at that time will want PM´s as a backup to their plan that will soon fail...I thought Cryprus was the canary...guess not...I guess the wealthy are OK with bankers taking over their assets...it went pretty easy I thought...not to many complaints...
I feel there is a campaign to keep PM´s out of the game....they ...TPTB want PM´s to not be a threat to their gameplan....so they took it down....and have kept it down.
Yes and they want to make damned sure WE are left with nothing of value when the SHTF.Sheeple are far easier to herd when they are penniless, and hungry,this is the end game focus of the current regimes.
The simple fact of the matter is that many times over the next few years silver and gold bugs will be proved wrong as the value of gold and silver fluctuate causing the media to claim PM's to be a foolish investment.
PM's are not and I repeat not purchased by individuals as a means to make money rather as a means to store value.
i do not purchase gold and silver hoping to one day convert it back to FIAT, i purchase it due to my distrust of government and central banking.
i do not want to be the guy who one morning wakes up to find he has been "cyprus'ed".
I am going to be proved wrong over the next few years as the arbitary FIAT valuation of my PM's goese up and down, but i only have to be right once and that's all i care about
The simple fact of the matter is that many times over the next few years silver and gold bugs will be proved wrong as the value of gold and silver fluctuate causing the media to claim PM's to be a foolish investment.
PM's are not and I repeat not purchased by individuals as a means to make money rather as a means to store value.
i do not purchase gold and silver hoping to one day convert it back to FIAT, i purchase it due to my distrust of government and central banking.
i do not want to be the guy who one morning wakes up to find he has been "cyprus'ed".
I am going to be proved wrong over the next few years as the arbitary FIAT valuation of my PM's goese up and down, but i only have to be right once and that's all i care about
According to Jim Sinclair WE all just about came within inches of being Cyprus'ed this morning.www.jsmineset
And dont forget what Bloomberg says on TV.
I will never forget, that in autumn 2008 and spring 2009 Bloomberg TV in UK and Germany proclaimed every day louder and louder: Bloomberg moderators said day by day over a period of nearly two years.
They said: Germany is going to be hardest hit by the Financial crisis (post Lehmann) because it has the most outdated society in Europe. Old fashioned manufacturing jobs are responsible that Germany is not going to recover. While on the other side, the UK and the US with their modern service orientated industries will overcome this crisis fast and soon and will leave Germany behind.
The same is now with gold. The more Bloomberg is talking it down the more you can be sure the train is heading into the other direction.
Another wrong statement from BlombergTV hammered onto the minds of its viewers over years since 2008:
The Euro is a failed experiment while the Pound and the US Dollar are stable as a rock because the US and UK government can just do with their currency whatever they need to. While the Euro is a supranational currency based on nothing but faith in the ECBs statutes.
Irony is the ECB statutes have in principle only one point: The ECB has to maintain and safeguard the buying power of the Euro - nothing more and nothing less. Thats their prime obligation, however in times like this the ECB can of course not act as a complete independent organization. But for the people of Europe the Euro is a stable money and they know anyhow that with moneyprinting an economy can not be saved. Deep inside everybody has to agree, that only by structural changes and hard work over a longer period of time, say 5 to 10 years an improvement can be achieved. One has to be patient/ There is no wonder cure availbale fixing the problems within a few months.
The present economic crisis ( be it in the US or Europe) is a thing which stays for the next five to 10 years. And it has not yet reached the bottom. No matter what Blomberg propaganda trumpets into the world.
Bloomberg does not like to tell the truth because truth is a very, very dangerous thing especially for the power and money elites of the old and new continent.
The Bloomberg statute goes like this: Tell lies and make the people believe in the wrong things so that the owners of Bloomberg and friends do have the upper hand.