By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch - 3 April, 2009
We think not! The last few months have seen a deflationary environment and gold has risen in that climate. Gold has two remarkable qualities one of which was responsible for this. It is a form of cash, of money! This has so far provided protection in the deflation we have suffered. Secondly, it is an inflation hedge because it is an asset as well. The scheme of President Obama’s Administration is without doubt massively inflationary, requiring a move from cash to assets if wealth is to be preserved. This will add to gold’s qualities for gold will still be attractive whether the coming financial climate is good or bad. As history has shown, whether in deflation or inflation gold gives protection from both and preserves wealth. Full Story
These sordid tales are all headline grabbers for sure; but convenient side-show deceptions none the less. They are all sub plots of the $10 trillion+ central bank and government guarantees and subsidies that have been doled out in taxpayer’s names and at their expense – a bigger story that receives little or no press. Full Story
On March 12, 2009 I wrote an essay entitled “Operation Confidence Con” where I showed the likely game plan of the new US Treasury Secretary, Tim Geithner, on how he planned to build confidence in our current economic system by manipulating markets and public perception. Although I believe I correctly exposed the plan, I did not anticipate the size, scope and duration of this new market manipulation policy. Full Story
By: Peter Schiff, Euro Pacific Capital, Inc. - 3 April, 2009
When elementary school kids want to escape the confines of their circumstances they pretend to be pirates, princesses, and Jedi knights. Now, with the relaxation of "mark to market" valuation rules announced yesterday by the accounting trade's self-regulatory body, our bankrupt financial institutions can escape their own reality by pretending to be solvent. Full Story
At Q1 Publishing, we are searching out where the opportunities are and also what to avoid. At Fundamental Research, what do you foresee that really isn’t priced in the market yet, in other words, what’s not known out there by the markets yet? Where do the opportunities lie? Full Story
By: Daniel Aaronson and Lee Markowitz - 3 April, 2009
Gold, although higher than eight years ago, is still not much higher today than it was in 1980. This compares to the Dow Jones Industrial Average at roughly 8,000 today versus a low of 730 in 1980. Adjusted for inflation, gold is significantly lower today than it was in 1980. Full Story
By: Bill Bonner, The Daily Reckoning - 3 April, 2009
What a wonderful time to be alive! We get to see things we had only read about in the history books…such as a Great Depression. A depression, of course, is a natural and recurring feature of capitalism. But a Great Depression usually requires lobbying. Full Story
By: Scott Wright, Zeal Intelligence LLC - 3 April, 2009
Junior gold stocks are a contingent of the greater junior resources circuit that has simply been obliterated in the recent stock panic. Even though gold has been strong over this stretch, the risk capital that usually finds its way into these gold explorers had all but left the scene. Full Story
Thus, the U.S. Fed-led Cartel*, which is The Primary Cause of our Ongoing Financial and Economic Crises, (as we explain below) is pushing for even more Power. Indeed nearly three years ago, Deepcaster and others exposed their Plan for a “Super-Sovereign Reserve Currency” of sorts to replace the U.S. Dollar! Full Story
By: Olivier Garret, CEO, Casey Research - 3 April, 2009
On March 20, 2009, the bipartisan Congressional Budget Office (CBO) released its latest forecast in an effort to take into account the impact of the recently released Obama budget. The verdict? A whopping $1.8 trillion deficit for 2009, approximately four times larger than the all-time record established in 2008 ($455 billion). Full Story
There are, in fact, two economies at work in the world, and both are global. One must die, as it undermines the health and robustness of the other. It is, truly, a parasitic economy that has evolved as a direct result of business influences, particularly from very large capital management firms, the biggest hedge funds, banks, and insurance companies. Full Story
When a junior high investment club wrote in to CNBC’s Squawk Box to ask legendary investor Warren Buffett what he thought the price of gold would be in five years and whether the yellow metal should be a part of value investing, the Oracle of Omaha responded with: Full Story
As even Karl Marx once reluctantly admitted, the capitalist system has created more wealth (and more quickly) than any other economic system in history. Yet, despite its obvious success (or, perhaps, because of it), the system is poorly understood and almost never loved. And this ignorance and lack of affection (for self-interest and profit and competition) always makes capitalism vulnerable (especially during recessions) to crack-pot schemes and reforms that strike at the root of its economic performance. Full Story
Accurate, transparent, comparable and thorough financial statements are essential tools for performing mental calculations of value. Being able to assess and weigh the performance of a going concern is vital for a holder of capital considering allocation to more productive uses which benefit humanity. Full Story
Yes, at this point (subject to change) I do not expect to see silver take out the $21 level this year. I want to be cautious here—silver can at almost any time take off on its own, without rhyme or reason. I have studied this market for more than 30 years and yet silver can confound the best of us. Full Story
The tragedy of the Weimar Republic in Germany in the 1920s is discussed in the Goldsmiths, Part LV. Interestingly enough, I was first introduced to this issue as a boy back in the late 1940s. In those days, I was a stamp collector of sorts. Even now, I distinctly remember postage stamps from Germany which were in the billions of marks. Full Story
By: Richard Daughty, The MOGAMBO GURU - 3 April, 2009
It all seems so weirdly surreal when federal deficit-spending exceeds 14% of GDP, which doesn’t even include the 7% of GDP that is the “balanced part” of the federal government’s budget! Full Story
So what are we forecasting now? More of the same, actually. If Gold takes out yesterday’s bottom, it is likely to fall to at least 874.00 or to 856.00 if any lower. As for the S&P futures, currently trading for around 835, they look like a good bet to rally to at least 852, which would imply a 150-point surge in the Dow Industrials. Full Story
Historically, and based on 35 years of data, gold usually puts in a bottom in March and a top in April. We’ve had the bottom in March (on March 18th), and we await a top in April. This top in April usually lasts for several months, resulting in sideways action with a downward bias and another buying opportunity in June or July. Full Story
The European Central Bank (ECB) cut its benchmark interest rate by a quarter percent to 1.25%; the cut was less than the 0.5% expected by many, but in line with our own estimate. The cut followed a cut of 0.5% in January and a pause in February of this year. The ECB also lowered the interest paid on deposits at the ECB to 0.25% from 0.5%, not moving to 0% as some anticipated. Full Story
By: Bill Bonner, The Daily Reckoning - 2 April, 2009
We’re playing it straight today. And, as usual, optimistic… The world is NOT going to Hell in a handcart. After a long time spent in the handcart, it is finally getting out and standing on its two feet. Americans are beginning to save again. The Chinese are beginning to look for other places to sell their gadgets and paraphernalia. Full Story
By: The Energy Report and George Topping - 2 April, 2009
With the prospect of 30 million pounds of uranium evaporating from the supply lines four years hence, Blackmont Capital research analyst George Topping sees sovereign stockpiling already beginning to make itself felt on the demand side of the equation. In this exclusive interview with The Energy Report, George says he sees the price nudging up to $65 by the end of this year, then to $70 in 2010, $80 in 2011 and $100 within five years. Full Story
By: Gary Dorsch, Editor, Global Money Trends - 2 April, 2009
There are times when it pays to be a contrarian, to think outside-the-box, to bet against the conventional wisdom of the crowd, and ignore the chatter of the media. Usually at key turning points, and the beginning of important new market trends, the fundamentals do not explain the behavior of the market. It is at these critical junctures, where sudden shifts in price trends can occur, - big percentage gains or losses are registered. Full Story
Here's hoping the poor take their chance to squirrel away a little more of that metal on Brown's latest gold-selling success. Because with all that money headed their way – barely 9 months after crude oil hit $150 per barrel and global inflation reached 30-year highs – they might just need all the help they can get. Full Story
For today at least, gold is going to be influenced by the G-20 Meeting being held in London. Protests have been going on with some people rioting, breaking of windows, breaking into banks to stage sit downs and so on. This is the protestor’s means of getting their points across to a press core only too eager to report on whatever they do. It is the protestor’s best means of getting their points across. Full Story
It is believed that banks fund economic activity by means of credit expansion. Toxic assets, however, cause banks to curtail the expansion of credit and thereby plunge the economy into a severe economic slump. So it is not surprising that for most experts and President Obama the success of the Treasury plan (i.e., the removal of toxic assets from banks' balance sheets) is a key for economic recovery. Full Story
By: Louis Paquette, Emerging Growth Stocks - 2 April, 2009
What investing strategies are going to work this year? A couple that worked last year that I believe could continue to work are the Gold sector and selected Inverse (Bear) ETF’s. Full Story
By: Bob Chapman, The International Forecaster - 2 April, 2009
This week the G-20 meets. There will be several serious items on the agenda but the most important is the fate of the dollar as a world reserve currency. The US elitists needless to say want the dollar to retain its standing and the Europeans, Chinese, Iranians and Russians want a new international trading unit. Full Story
Perhaps it was a grand error of judgment to host the G20 Meeting in London. The epicenter of the financial hegemony, corruption, hidden agency influence, and financial market destruction has clearly been the United States and the United Kingdom working in tandem. So great risk comes with the hosting of this meeting in London. Full Story
EVERYTHING is mispriced for what is unfolding. Stocks, Bonds, currencies, natural resources, precious metals, real estate are ALL set for massive VOLATILITY and “volatility is opportunity” for the prepared investor. Markets are going to ZOOM up and down and provide you with EXCELLENT investment opportunities if you are properly prepared. Buy and hold is DEAD except for the precious metals. Full Story
Keeping yourself, your family and your assets safe during a credit contraction can be a particularly daunting task but I am sure you are up for it. Gold is the currency. Irredeemable tickets, like the FRN$, Euro, Pound and Yen merely function like the common stock of nations. Like a falling share price of a corporation; when those irredeemable tickets, either digital or paper, lose purchasing power it does not bode well for the nation. Full Story
Germany and especially France have fought long and hard against the anglo-saxon model of unfettered and weakly regulated free market capitalism for the past 30 years, and as a consequence of which have seen their economic power diminish in relative terms as the anglo-saxon capitalism model was adopted world-wide following the collapse of the Soviet Union. Full Story
As we’ve seen time and time again, markets do work – when they’re allowed to. The Hancock Tower is the perfect example. The owners were forced to liquidate. They lost all of their equity. The property and all the liens against it (primarily the $640 million mortgage) were sold to a new owner. Full Story
Since there is some concern over the prospects for hyperinflation in the US, in the sense of what happened in Germany’s Weimar’s Republic in the early 1920s, this Goldsmiths will broach that theme. Full Story
By: Richard Daughty, The MOGAMBO GURU - 2 April, 2009
I am known throughout this galaxy as a guy who “gets things done” with the still-experimental Mogambo Insulting Method Of Pedantry (MIMOP), whereby I instruct pupils in the subtleties of the True Mogambo Way (TMW) by insulting them, mostly by easily ridiculing their intelligence by merely casually noting that none of them own gold and silver... Full Story
Yesterday’s challenge – explain how inflation will get off the launching pad in a deflating economy – went unanswered, although the topic itself provoked quite a response in the Rick’s Picks forum. The question was not rhetorical, since, in order to produce inflation, there has to be a mechanism for all of that printing press money inflationists keep blathering about to physically make its way into the consumer economy. Full Story
By: The editors of BIG GOLD, Casey Research - 1 April, 2009
You are traveling through a desert in search of a famed oasis and its promise of riches, rest, and drink. But your journey has grown long, you are weary, and you begin to doubt the oasis really awaits you. But then signs appear from those who have gone before you that your course is true, and the reward you seek in fact lies ahead. Your spirit is renewed and you press on. Full Story
"Gold's investment performance has dominated this decade. How come so few people have noticed...?" NO FOOLING! It doesn't matter which currency you earn, spend or invest, gold bullion has been the best-performing asset class bar none this decade. Full Story
By: Bill Bonner, The Daily Reckoning - 1 April, 2009
Our phone rang yesterday. You know, the hotline we set up to help Treasury Secretaries and Finance Ministers cope with the problems of the global financial meltdown? We picked it up…it was Tim Geithner! Full Story
By: John Browne, Senior Market Strategist, Euro Pacific Capital - 1 April, 2009
This week, the leaders and finance ministers of the 20 most economically important nations, or G-20, will convene in London to develop coordinated policies that they hope will prevent a worldwide depression. The leaders will also consider greater transnational regulatory oversight of the financial industry and the future of the U.S. dollar as the world's 'reserve' currency. By any reckoning, this meeting will be the most important international economic conference since Bretton Woods in 1944, or the Great Powers economic meeting in Rome in 1922. Full Story
I’m mindful of what day this is, and I assure you this is not about some April Fool’s Day joke gone bad. But I do hope you will treat the recent announcement from the CME Group concerning the introduction of two new contracts on COMEX gold and silver as being as funny as a heart attack. Full Story
By: Jason Hommel, Silver Stock Report - 1 April, 2009
Today was our first day of business as the new owners of the 5 year old Rocklin Coin Shop. It was wonderful to meet so many of our readers today. I think we had about 50 customers. It feels great answering up to 100 emails a day, but helping real people in the flesh face to face with many of the same questions I've answered for years was a real treat. Full Story
In recent writings I have forecasted a consolidation or small correction in Gold. It rebounded $300/oz while most markets sputtered. Yet, at $1,000/oz Gold was overbought and meeting technical resistance while stock indices and commodities were in the process of bottoming. As predicted, the Fed’s monetization and “reflation” trade has thus far failed to lift Gold past $1,000/oz. Full Story
The furor over the AIG rescue and the possibility that American banks might be nationalized have turned March into a financial horror film: Zombies on the street, empty vaults, tentacled monsters, and cryptic pronouncements from a parallel universe. It deserves rewinding and deconstruction, episode by episode. Full Story
The massive government and FED stimulation that we are now being subjected to cannot and will not produce a sound and sane economy. The greater the stimulus, the more the free market prevented from working and restoring the economy to normalcy. Full Story
In terms of the future for gold and silver, I want to watch India and other so-called Third World nations and see how they react in coming days. The Russian position is also important. If this thing gets some mobility, it could cause problems in the gold and silver markets. Certainly, for the time being, it appears that nothing will be done on the proposal at the April 2d G20 meeting. If anything happens, it will be done later and not sooner. Full Story
By: Richard Daughty, The MOGAMBO GURU - 1 April, 2009
George Ure of UrbanSurvival.com writes that the magic of just pounding money into the economy doesn’t seem to be working this time, and it reminds him of “the old engineering/design flow-chart joke that went around about 20-years back that had a place in the engineering process labeled ‘Insert Miracle Here’.” Hahaha! Good one! Full Story
Inflationists and their crackpot theories took another pounding yesterday on news that home prices had plummeted at a record pace --19 percent since last January. Residential real estate values have now fallen by 30 percent nationwide since peaking in 2006. In trying to reverse this trend, the Fed would appear not to have gotten much bang for its buck, since the central bank has committed an estimated $11 trillion already, targeted mainly at large mortgage lenders. Full Story
By: The Gold Report and George Topping - 31 March, 2009
George Topping, a research analyst specializing in the mining sector at Blackmont Capital, pays closer attention to uranium and copper than he does gold and silver, but in this exclusive interview with The Gold Report, he shares what he foresees: gold flat at $950 per ounce (in real terms) through 2011, copper at $1.80 per pound in two years, and uranium nudging up $100 per pound within five years. Full Story
By: Bill Bonner, The Daily Reckoning - 31 March, 2009
We’re delighted to see Mr. Obama in action…rolling up his sleeves and taking direct action to straighten out the U.S. auto business. In this world of collapsing asset values and depression, we needed a laugh. Full Story
The good news is that we don’t need the regulators to end the manipulation, even though they should. This crime in progress will end in spite of them refusing to perform their sworn responsibilities. The reality of the artificially depressed price and the developing silver shortage guarantees an abrupt end to the manipulation. This is all the more obvious in the behavior of the big shorts. They are clearly reducing their combined short position (COMEX plus OTC) as much as possible. This should tell you that they expect much higher silver prices and are positioning themselves for it. Unlike the regulators, the manipulators are all action and no talk. Do as they do - buy silver. Full Story
We are now in the midst of a significant market rally – up 20% on the big boards in 3 weeks. Only God knows how it will continue, but it sure feels good to have the relentless, unyielding pressure of pessimism, that was palpable in the markets, let off some steam. Full Story
The world does not need a New World Money backed by government IOUs. We already have an ideal One World Money in the form of Gold. It satisfies fully all the requirements of money. And most important, it has clearly demonstrated durability as a store of value. Full Story
By: Axel Merk, Merk Hard Currency Fund - 31 March, 2009
The patchwork of attempts to prop up the financial system has taken on a life of its own – we call it bailout economics. At every step, Adam Smith’s “invisible hand” to guide the economy has become less evident. Back in the 18th century, the economist coined the term as a metaphor for the self-regulating nature of free markets. Full Story
Few people understand that the plutocratic market manipulators are the very people who decide what prices farmers will be paid for their cattle, wheat, soybeans, corn, milk, cheese, orange juice, cotton, etc. As for gold and silver, it’s the same story. They decide the prices and supply (because they are able to price the mines out of business so that the mines cannot produce gold and silver at the established market prices). Full Story
There are tremendous changes underway in the journalism industry of epic importance that effect your personal liberty and finances. I do mention some of my competitors so obviously this article is biased. Newspapers are like blogs except expensive, dirty and a less efficient form of information manufacturing. It is difficult for them to ‘go viral’ and annoyingly hard to access while traveling through the backwoods of South America. Full Story
The bounce in human spirits that NFTRH has dubbed ‘Hope ‘09’ appears to be nicely in progress. But this is actually a resetting of unsustainable negativity as the Obama administration initiates its change; they have changed the Bush/Paulson half measures and mixed messages to the Geithner/Bernanke ‘all in’ approach. Full Story
The journey begins as FRONTLINE correspondent Forrest Sawyer takes viewers to a secret location: the Treasury's debt auction room, where the U.S. government sells securities backed by the "full faith and credit of the United States." On this day, the government is auctioning $67 billion of Treasury securities. The money borrowed will be used to fund services and programs that the government cannot pay for through tax revenues alone. Full Story
The U.S. Treasury Secretary said something very disturbing this weekend. It wasn’t about the bank bailout though. It wasn’t about how the administration decided to draw a line between bank and automaker CEOs. It wasn’t about how a concrete deal for ongoing free trade (or anything else tangible or enforceable) will be reached at the G20 meeting. Full Story
By: Richard Daughty, The MOGAMBO GURU - 31 March, 2009
Agora Financial’s 5-Minute Forecast conveniently distills the Truly Horrifying News (THN) of recent Federal Reserve action by saying, “In a single breath, the Fed committed another $1.15 trillion to the credit quagmire” with “$750 billion for purchasing mortgage-backed securities from Fannie Mae and Freddie Mac (on top of the $500 billion the Fed has already promised)” plus “Another $100 billion directly toward Fannie and Freddie’s debt. That’s also atop a pre-existing $100 billion program.” Full Story
We’ll never be entirely comfortable cheerleading bear rallies, but what else can a guru do when stocks want to go higher for all the wrong reasons? Although shares fell hard yesterday, there was little in the sell-off to suggest that the short-squeeze begun three weeks ago is over. Full Story
Gold is the best example of how the pricing of risk is being perceived differently from one day to the next. All the markets are extremely volatile and will most likely remain that way for some time. The system is very jittery as well it should be. The strains being placed on it are huge. Full Story
By: Bill Bonner, The Daily Reckoning - 30 March, 2009
The dollar’s days are numbered. We are beginning to feel sorry for it…as we do all lost causes. Trouble is, we don’t know whether it’s a big number or a little number that marks the dollar’s last days. Full Story
The paper mill on the Potomac is furiously spewing up new money. According to the manager of the mill, as indeed according to the Quantity Theory of Money, this should stop prices from falling and the economy from contracting. In this article I present an argument why this conclusion is not valid. On the contrary, I shall show that new money created on the strength of a flood of new debt, is tantamount to pouring gasoline on the fire, making prices fall and the economy contract even more. Full Story
Stunning new evidence of manipulation in silver and gold has just been published by the Office of the Comptroller of the Currency (OCC), a bureau of the U.S. Treasury Department. The OCC, first established in 1863, charters, regulates and supervises all national banks. Their new data proves the manipulation in unambiguous terms. The report also confirms how the U.S. Government, in partnership with JPMorgan Chase, intentionally cheated silver investors worldwide of many billions of dollars during the fourth quarter of 2008, and longer. This was all outside the futures market I normally write about. It was a scam of historic proportions. Full Story
While it seems like ages ago, it was a just a year or so ago when oil was rising sharply and experts were knocking one another over to be the first to scream for $100, $150 even $200 oil around the corner. Full Story
As postured on these pages for some time now, seasonal inversions in trading patterns of markets tend to occur in mature markets due to sentiment / structural irregularities. In the case of the US stock market, what has essentially occurred is because the general investing population has been ‘dumbed down’ due to excessively good economic conditions over an extended period, along with powerful mind-numbing corporate propaganda, their aversion to risk has been dangerously tempered. Full Story
This is the point at which the global economy falls the rest of the way off of the cliff. The false hope raised by the illusion of decisive action on the part of the Obama administration is giving way to Democratic party in-fighting and an increasing public perception that Obama and Geithner are out of their league. Full Story
You have probably been taught that the responsible way to handle your economic affairs was to work hard, be thrifty and invest safely. This is what the old timers did, and it worked for them. When they reached 65, they were able to retire. Full Story
While gold trades as a currency (or "medium of exchange") and also is a "store of value," and even a "unit of account" for some, and very little is actually consumed. Economically speaking, gold trades even in the modern world as money. Full Story
Is what we are experiencing with the economy the beginning of the ‘Economic Armageddon’ that Stephen Roach forecast for the U.S. in November 2004? This is what he said (and I paraphrase): America’s record trade deficit means the dollar will keep falling, interest rates will rise further and U.S. consumers, in debt up to their eyeballs, will get pounded with no better than a 10% chance of avoiding economic Armageddon. Full Story
We are coming into a very strong seasonal period for gold prices and gold stocks – the April and May period is usually a very good time to be invested in the gold sector. I believe this year will be no exception. Gold stocks started a new cyclical bull market last fall within the context of an ongoing secular bull market in gold and gold stocks that began in the final months of 2000. Full Story
By: David N. Vaughn, Gold Letter, Inc. - 30 March, 2009
Where do we go from Here? Watching the middle class continue to cease as a viable class. The rich and the poor. More and more difficult to get ahead. Millions suckered in the past 20 years with the hope and expectation of building their personal wealth off the backs of 401Ks. We have not even begun to see where this will lead eventually. Not for the better though. Full Story
Last week all three resources pulled back after posted gains the week before. This week will be interesting with gold trading at support, silver just above and oil looking like its going to come down and test support as well. This week I figure we will see some bounces or breakdowns occur. Full Story
By: Richard Daughty, The MOGAMBO GURU - 30 March, 2009
Doug Noland of PrudentBear.com has found all kinds of interesting things this week, especially if you enjoy heart palpitations and crushing chest pains, which is what you get when you read Mr. Noland reporting that “The M2 (narrow) ‘money’ supply surged $39.8bn to a record $8.343 TN (week of 3/9)” which means, “Narrow ‘money’ has now inflated at an 18% rate over the past 25 weeks and $766bn over the past year, or 10.1%”! Yikes! Full Story
* Headline news & Market Weatherman Forecast. * Spotlight Stock Picks with big dividends. * The International Forecaster and Host Chris Waltzek answer listeners' questions.
2nd Hour:
* Greg McCoach, The Mining Speculator * Dylan Ratigan, CNBC's Fast Money Full Story
By: Adrian Douglas, Market Force Analysis - 29 March, 2009
To date regulators have failed to rein in any financial fraud before it was too late. Even when regulators were handed all the facts of the Madoff Ponzi scheme they failed to take action. I doubt the suppression of precious metal prices will be any different. The key is to take action yourself and not hold your breath the regulators will stop this fraud. The Pirates prey on investors who are over leveraged. Investors should buy and hold physical gold and silver, and investors on the COMEX should take delivery of their contracts. Those reckless pirates, who have sold promises that they can not deliver upon, will be hoisted on their own petard; the leverage they have used for so long against investors will seal their own demise. Full Story
By: Bob Chapman, International Forecaster - 29 March, 2009
As long as you do not take physical delivery, they will continue to control the physical supplies of gold and silver via leasing and lying, using "smoke and mirrors" and "creative accounting methods" to hide their nefarious dealings, such as those conducted through the Exchange Stabilization Fund, the London Gold Pool, the naked-shorting of shares in the silver ETF and the leasing of ETF gold and silver to cover short positions of the Illuminist commercials in the paper markets such as CRIMEX futures contracts and OTC derivatives contracts. Full Story
By: Chris Powell, Gold Anti-Trust Action Committee Inc. - 29 March, 2009
GATA Board of Directors member Adrian Douglas, editor of the Market Force Analysis letter, has combined data from the U.S. Commodity Futures Trading Commission and the Office of the Comptroller of the Currency to show that the suppression of the prices of gold and silver in the last several years correlates exactly with the growing concentration of the short positions held by two U.S. banks, JPMorgan Chase and HSBC. Full Story
Donald Trump is smart. His bondholders are smart. Central bankers are smart. But they are not smarter that the assembled knowledge of a free market that is not being distorted by bureaucratic monetary policy. Full Story
However, anybody who has just bought into the stock market rally should really think about selling and staying out for a while. This is a time to park money in gold and silver and even exit cash, although you might care to note that cash and precious metals were the best performing asset class of the 70s, while in the 30s gold was the real star. Full Story
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