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  • COMEX Registered Silver Owners Per Ounce Jump To Record Leverage June 6, 2016
    Something very interesting took place in the COMEX Registered silver inventories last week. There were two very large transfers of silver from the Registered to the Eligible category. What makes these two large withdrawals so interesting is that the Registered silver inventories are now at a record low. The first large transfer of silver was […]
  • Fed Holds Interest Rates Steady June 6, 2016
    There were very few surprises today as the two-day Fed meeting came to a close. There was a refusal to raise the interest rate from 0.5%, while economic expectations were lowered for both 2017 and 2018. There were also hints that the current interest rate may hold for longer than previously expected, although there was […]
  • Abnormal Risks Have Abnormal Consequences June 6, 2016
    Most people believe that the era we live in is totally normal. This is the case whether you live in a war-zone or in “Shangri-La”. It is the same with the economy. Everybody in the West today believes that stocks always go up and that property grows to the sky and that government bonds are […]
  • UK Votes to Leave European Union: Period of Uncertainty Expected – Investors Rush to Gold June 6, 2016
    In a stunning decision that is reverberating around the world, the people of the United Kingdom have decided to leave the European Union, the 28 member bloc and market of some 500 million that has its roots in the aftermath of the Second World War. Even more shocking perhaps is the margin of victory, the […]
  • Brexit Could Cause Gold Price to Soar June 6, 2016
    The surge in gold prices since the beginning of this year following three years of decline could gain further momentum if U.K. citizens vote in favor of the Brexit, which is looking increasingly more likely. The price of gold, a metal perceived to be a safe haven for investors in times of economic stress, could […]
  • The Biggest Bubble In History Will Lead To An Even Bigger Collapse June 6, 2016
    In a world full of bubbles that will all burst, it is of course impossible to forecast which will be the first ones to cause havoc for the world economy. One of the biggest bubbles that would clearly bring down the financial system is the bond market. Here we have a $100 trillion market which […]
  • The Gold Standard June 6, 2016
    According to Mises, money’s function as a medium of exchange is thus the central one, while its store of value and unit of account functions are merely subordinate functions. I would say store of value and unit of account is what makes the medium of exchange marketable. The medium of exchange has to be simple […]
  • Greenspan Warns Inflation Will Come, Time for Gold Standard is Now June 6, 2016
    “If we went back on the gold standard…we’d be fine.” Alan Greenspan says economic stagnation compounded by bipartisan refusal to bring social benefits under control has brought about the worst period he has seen in his public service career. The 90 year old economist and former Chairman of the Federal Reserve told Bloomberg Television interviewers […]
  • Is Deutsche Bank Another Lehman Brothers? June 6, 2016
    As is perhaps to be expected, Deutsche Bank are keen to underplay their ongoing problems, dismissing speculation that they are “another Lehman Brothers”. But is it right to deny such claims, and are the experts right on this matter? The Deutsche Bank Situation The last couple of years have been very difficult for Deutsche Bank. […]
  • When Will Governments Tell The Truth About The World Economy June 6, 2016
    On June 3rd we had another set of figures which although fake, still shocked the financial world. Non-farm payroll increased by only 38,000, massively lower than any forecast. But add to that 244,000 fictitious jobs created and 484,000 workers which were forced to go from full time to part time work, then we get to […]
  • Brexit, Sterling and the Stock Market June 6, 2016
    If you want to know how a Brexit could affect the stock market and the Sterling, you just need to look at the polls. Every time new data is released and every time the pollsters record a swing in one direction or another, the markets react accordingly. In May, for example, an ICM poll showed […]
  • May Jobs Report: Odds of a June Hike Slashed June 6, 2016
    The May jobs report brought bad news today as it was announced that far fewer jobs were added to the United States economy than expected. Economists had estimated that there would be over 160,000 extra jobs made available to the labor force in this period, an amount that would surely lead to an interest rate […]
  • Goldman Sachs Closes "Short Gold" Recommendation With 4.5% Loss May 5, 2016
    Back on February 15, just as the USD was about to plunge unleashing a global risk-on rally as a result of "Yuan stability", Goldman triumphantly announcecd its latest trading recommendation: short gold (at $1,205) with a target of $1000 and a 7% stop loss. This being Goldman - the one hedge fund whose prop traders […]
  • Venezuela's Gold Reserves Plunge to Lowest Ever as Maduro Repays Debt With Gold May 5, 2016
    Several months ago, as Venezuela's hyperinflating, imploding economy was spinning in freefall, leading to the dramatic episodes of total social collapse such as those profiled in "Scenes From The Venezuela Apocalypse: "Countless Wounded" After 5,000 Loot Supermarket Looking For Food", we wrote that the country which recently had "run out of money to print its […]
  • Be Your Own Central Bank and Buy Gold May 5, 2016
    Gold is becoming more and more acceptable in the investment community and especially since interest rates have approached zero and in some countries even gone negative. Until recently no portfolio manager would have mentioned gold and even less recommended it. Since the beginning of the year, soon after some called gold just a useless and […]
  • China's Largest Bank Is Quietly Cornering The Market For London Physical Gold May 5, 2016
    We have followed the ownership changes of London's massive vaults with keen interest ever since our December 2014 article when we reported that Deutsche Bank's gold vaule was for sale in "Massive 1,500 Ton Gold Vault For Sale In The Heart Of London, One Previous Owner, Asking £4,500,000 O.B.O." The fate of that particular vault […]
  • The Gold Bull Is Back May 5, 2016
    We know that central banks and governments have lost the plot. When the crisis started in 2006, US short rates were 5%. In 2008 they were down to zero and have virtually stayed there ever since. A crisis package of $25 trillion was thrown at the financial system. This is what the likes of JP […]
  • Central Bankers Put Ponzi And Madoff To Shame May 5, 2016
    Charles Ponzi must be turning in his grave! His pyramid scheme in 1920 guaranteed returns of 50% in 50 days and 100% in 100 days. And initial investors clearly achieved these returns but most of them were too greedy to cash in. His total scheme “only” lost $20 million ($225 million in today’s money) for […]
  • Which Is A Better Investment: Apple or Gold? May 5, 2016
    Which is better, Apple Inc. or cold hard gold? Both have a place, it would seem. Both investments prompt emotions. But when it comes down to it, which one is a better bet? Adam Johnson, founder of Bullseye Brief newsletter explains his thinking in this video.
  • Big Banks Get More Protection but Not Their Clients May 5, 2016
    We have explained how the next worldwide financial crisis will be solved by looting savers’ bank accounts, in order to save the big banks. The European Bank Recovery and Resolution Directive (BRRD) shall take care of that, and the idea is gaining ground in other countries. This will to protect big banks come what may, […]