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HiAlpha Mining Investment Conference November 28, 2012

HiAlpha Mining Investment Conference November 28, 2012. Monetary Armageddon: The Impact on Gold & Commodities. Gregory T. Weldon www.weldononline.com. Agenda. Monetary Armageddon & Global Debt Crisis --------------------------------------------------------------------------------------

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HiAlpha Mining Investment Conference November 28, 2012

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  1. HiAlpha Mining Investment Conference November 28, 2012 Monetary Armageddon: The Impact on Gold & Commodities Gregory T. Weldon www.weldononline.com

  2. Agenda Monetary Armageddon & Global Debt Crisis -------------------------------------------------------------------------------------- United States of America European Union Japan China Gold & Silver

  3. The Golden Road … Monetary Armageddon

  4. Federal Reserve Balance Sheet

  5. Pace of Expansion in Fed’s Holding of Assets

  6. Fed’s Holdings of US Treasury Securities

  7. US Government Debt Has Nearly DOUBLED Since May-2007

  8. There is NO Fiscal Austerity in the US While Dependence of Foreign Buying of US Debt Continues

  9. Maturing UST and Interest Payments in 2013 Alone Equals $2,651,577,000.00

  10. US Government Borrowing From Public Has Risen to MORE than $1 Trillion Annually

  11. Secular Crisis in US Labor Market

  12. New Post-Gold-Standard-Era LOW in US Hourly Earnings

  13. Deflation in Real Income … Worsening

  14. ‘Real’ US Short-Term ‘Funding Rates’ Negative, And, More Importantly … Falling Again

  15. Gold Spikes Amid Collapse in ‘Real’ Fed Funds Rate

  16. Gold Spikes Again on QE-II, and Decline in ‘Real’ Rates

  17. Fed Suspends QE, Real Rates Rise, Gold Falls …… Fed Announces QE-III, Real Rates Fall, Gold Rises

  18. Agenda Monetary Armageddon & Global Debt Crisis -------------------------------------------------------------------------------------- United States of America European Union Japan China Gold & Silver

  19. European Central Bank Balance Sheet

  20. ECB Talking-the-Monetary-Talk … …. But No Longer Walking-the-Monetary-Walk

  21. Talking-the-Monetary-Talk Paid-Off in a BIG Way … … But, without the Monetary-Walk, Volatility Could Explode

  22. European Debt Maturing in 2013 Total Debt $1.6 Trillion $439B $369B $313B $219B $92B $74B $37B $33B $32B

  23. Private Demand for Government Debt in Secular Downtrend

  24. Gold Priced in EUR

  25. Agenda Monetary Armageddon & Global Debt Crisis -------------------------------------------------------------------------------------- United States of America European Union Japan China Gold & Silver

  26. Bank of Japan Balance Sheet – Securities Held Outright

  27. Projected BOJ Securities Holdings Based on Asset Purchase Program

  28. Japanese Government Debt Tsunami

  29. USD <vs> Yen … Trend Towards Yen Depreciation

  30. Gold Priced in Yen

  31. Agenda Monetary Armageddon & Global Debt Crisis -------------------------------------------------------------------------------------- United States of America European Union Japan China Gold & Silver

  32. Chinese Macro-Monetary – ‘Properly Aligned’ ??

  33. Real Rates Rising and Breaking Out, PBOC Playing ‘Tight’

  34. Foreign Exchange Market Focused on Chinese ‘Tightness’, MORE SO than Fed Easing

  35. Movement of Gold ‘Priced-in’ CNY Will Be ‘Telling’

  36. Agenda Monetary Armageddon & Global Debt Crisis -------------------------------------------------------------------------------------- United States of America European Union Japan China Gold & Silver

  37. Silver Bidding to Breakout

  38. Silver Setting-Up to Outperform Gold ??

  39. Central Banks Remain Sizable Buyers of Gold

  40. Central Banks Buyers of Gold Below $1575 Market Rallies and Breaks Out in August

  41. Current Short-Term Technical Set-Up is Positive

  42. World Gold Council 3Q Report: Jewelry Demand Lower, Except in India & Turkey, Two Countries With Depreciation in FX

  43. Indian Jewelry Demand Up … Chinese Demand Down … … Amid Completely Divergent Trends in Their Currencies

  44. Gold Priced in Indian Rupee Soars to New Record High

  45. Gold Breaking Out Relative to US Stock Market

  46. ‘Reflation’ in Equity Prices is Not Based on ‘Macro-Reality’, But Rather, on ‘Debasement’ Within Fiscal and Monetary Policy

  47. Gold … What’s Next? \ Is Gold Under-Valued ??? … … Fairly Value ??? … … or Over-Valued ???

  48. Weldon Financial www.weldononline.com Research Publications Weldon’s Money Monitor (Global Macro) Money Monitor TradeLab (Specific Trading Ideas) The Metal Monitor (Precious Metals) Free TrialSubscription Use HiAlpha as Referral for Extended Trial Investment Opportunities – Managed Accounts Global Macro-Discretionary Program Long-Short Non-Leveraged Commodity Program Metals Only Program (Lowest Minimum Investment) gregweldon@weldononline.com eileen@weldononline.com

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