By Graham Summers The Prices Paid Index just rose for its fourth straight month to 78.1: its highest level since April 2011.Why does this matter? Because it's a MAJOR warning that inflation is coming. You see, when inflation hits, it doesn't hit all at once. Instead it rolls out into the economy in stages. The first stage occurs at the "production" level of the economy. In this stage, manage...Read More
The comments above & below is an edited and abridged synopsis of an article by Rory HallFor 20 years, eastern nations (China and Russia) have shown great interest in gold. They have accumulated physical gold, and Russia is acquiring massive amounts of silver. Other eastern European nations are following suit and beginning to acquire as much physical gold as possible.In the West, questions have ari...Read More
What a day! The beginning of the newquarter, the new month and the new week was undoubtedly the triumph of oil bears.Thanks to their attack crude oil lost almost 3% in one day, which was thebiggest decline since weeks. What impact did this drop have on the short-termoutlook? Where are the nearest supports? For these and other questions you willfind answers in today's alert. Technical Analysis of C...Read More
Remarks by Chris PowellSecretary/Treasurer, Gold Anti-Trust Action Committee Inc.Mining Investment Asia ConferenceMarina Bay Sands, SingaporeWednesday, March 28, 2018Mines and Money Asia ConferenceHong Kong Exhibition and Convention CentreWednesday, April 4, 2018The slides for this presentation are posted here:http://gata.org/files/GoldMarketManipulationUpdateApril2018Slides_0.pdfSlide 1 -- Titl...Read More
CloseGain/LossGold $1333.40+$1.70Silver$16.31-$0.11XAU80.84 -0.47%HUI 175.18-0.37%GDM 610.01-0.63%JSE Gold1093.05-11.82USD90.13-0.09Euro122.86+0.20Yen93.67-0.17Oil$63.37-$0.1410-Year2.806%+0.021T-Bond145.50-0.21875Dow24264.30 +0.96%Nasdaq 7042.11+1.45%S&P 2644.69+1.16% The Metals: Gold gained $16.40 to $1348.10 at about 9AM EST before it slid...Read More
The comments above & below is an edited and abridged synopsis of an article by Mark O'ByrneThis is an article by ex-New York Fed Vice President John Exter first published in the May 22, 1972 issue of Barron's, and he asks, "What is money anyway?"First, it is a means of payment or medium of exchange, for paying bills, for buying goods and services. We also accept money when we sell. Second, it is...Read More
After rallying on Friday, stocks tanked on Monday, dropping over 450 points. In fact, it was the worst first day of the second quarter since the Great Depression.Most analysts blamed the plunge on the escalating trade war, but Peter Schiff has a different take. He said it was just another bad day in a bear market. In fact, he said the market could have rallied because the Chinese response wasn...Read More
The comments above & below is an edited and abridged synopsis of an article by Christopher AaronThe price of gold is determined by supply and demand, which are functions of the two most basic human emotions: fear and greed.Yet gold is unique among markets in that newly mined supply is inherently limited, its extraction rate being roughly equivalent to new population growth on a year-over-year basi...Read More
China will cut value-added tax (VAT) on all imported goods by 1 percentage point, 5.9%, effective from May 1, the Finance Ministry and State Administration of Taxation said in a filing late on Wednesday April 4. China currently applies two VAT rates for different products; 17% for almost all products and 11% for some products, including agriculture. The rates will be...Read More
– Gold signs off Q1 2018 with best run since 2011 – Gold price supported by safe haven demand, interest-rate concerns and inflation – Trade wars and concerns over equity market have sent investors towards gold – ETF holdings highest in nearly a decade – Goldman Sachs: ‘The dislocation between the gold prices and U.S. rates is here to stay’ Gold ended Marc...Read More
Dollar values are falling, and many countries are recalling their gold reserves. Are we witnessing a resurgence in the gold standard?Demise Of The Dollar And The Gold RushThe last century truly belonged to the United States. Commercial and cultural dominance following the Second World War meant that for many year, the dollar was regarded as the most reliable reserve currency in the world. This is...Read More
John Maynard Keynes once famously called gold the "barbarous relic". The emergence of the cryptocurrencies seems to validate that thesis. Will gold survive in the digital era? Bitcoin as Digital GoldLet's face it. Bitcoin and gold are similar. Both assets are rare and their supply is limited (it cannot be increase at will by politicians or central bankers). Actually, Bitcoin was conceived as th...Read More
CloseGain/LossGold $1333.40+$1.70Silver$16.31-$0.11XAU80.84 -0.47%HUI 175.18-0.37%GDM 610.01-0.63%JSE Gold1093.05-11.82USD90.13-0.09Euro122.86+0.20Yen93.67-0.17Oil$63.37-$0.1410-Year2.806%+0.021T-Bond145.50-0.21875Dow24264.30 +0.96%Nasdaq 7042.11+1.45%S&P 2644.69+1.16% The Metals: Gold gained $16.40 to $1348.10 at about 9AM EST before it slid...Read More
CloseGain/LossGold $1333.40+$1.70Silver$16.31-$0.11XAU80.84 -0.47%HUI 175.18-0.37%GDM 610.01-0.63%JSE Gold1093.05-11.82USD90.13-0.09Euro122.86+0.20Yen93.67-0.17Oil$63.37-$0.1410-Year2.806%+0.021T-Bond145.50-0.21875Dow24264.30 +0.96%Nasdaq 7042.11+1.45%S&P 2644.69+1.16% The Metals: Gold gained $16.40 to $1348.10 at about 9AM EST before it slid...Read More
A 78-year-old homeowner in London has been arrested for murdering an armed burglar who attempted to steal from the older man. Continue...Read More
Full Article: TRADE WARS, PETROYUAN, DEBTS - $32,000 GOLD & $500 SILVERBy: Egon von GreyerzIs this it? Is the bull market finished and the good times over? Well, they could very well be. We are looking at a world which is rotten to the core, a world which is built on debt which will never be repaid. And a debt which is artificially supporting $100s of trillions of assets and quadrillions if we i...Read More
Goldstarted the month with an upswing, silver soared and… Silver stocks declined. Yes,you read that right. Big upswings can be bullish developments, but it’sdefinitely not true in all cases. For instance, in this case, one could saythat while it’s true that gold moved higher, it failed to move to thelate-March high, let alone break above it. Why is gold not moving decisively ina...Read More
John Maynard Keynes once famously called gold the "barbarous relic". The emergence of the cryptocurrencies seems to validate that thesis. Will gold survive in the digital era?Bitcoin as Digital GoldLet's face it. Bitcoin and gold are similar. Both assets are rare and their supply is limited (it cannot be increase at will by politicians or central bankers). Actually, Bitcoin was conceived as the di...Read More
Domestic prices for heavy steel plate in Europe have been flat over the past week because buying has yet to pick up after the Easter holidays in the EU, sources told Metal Bulletin on Wednesday April 4.Metal Bulletin's assessment of prices for domestic grade-S235JR heavy steel plate in Southern Europe was ?,?570-580 ($700-713) per tonne ex-works for the week ended Wednesday, unchanged from a week...Read More
By Frank HolmesWith volatility returning to domestic equities, it might be time for investors to consider increasing their exposure to foreign markets, specifically emerging Europe. As I shared with you in January, emerging Europe countries, as measured by the MSCI EM Europe 10/40 Index, finished last year up more than 20 percent, and so far in 2018 they've returned 1.17 percent, compared to the...Read More