So, meet your new Fed chairman, Donald J. Trump. In 2008 when something similar was done, it was on a smaller scale. Since few understood it, the Bush and Obama administrations ceded total control Continue...Read More
Yes, the Coronavirus will inflict pain in the short term. But in the long term, it will propel the United States to historical greatness.Continue...Read More
They are just busybodies deciding what products the real producers may or may not create, and what entrepreneurs can or can't do. Saying one is good and the other is bad is the wrong way to look at it. It politicizes the question.Continue...Read More
At the very least, we're heading into a severe recession. And we could well be heading for a full-scale depression.That's not being alarmist.Continue...Read More
No longer confined to just major cities, the coronavirus pandemic is now throughout the United States, with some small rural counties leading the country in per capita confirmed cases Continue...Read More
"At this time, the trajectory of Detroit is unfortunately even more steep than that of New York." "This is off the charts." Continue...Read More
We have a serious problem in New York, we have a serious problem in New Orleans and we're going to be developing serious problems in other areas.Continue...Read More
You better buy gold now before it's too late.Continue...Read More
Prepare for millions of anxious people to get their first exposure to the gold story, just as the supply dries up.Continue...Read More
The world suddenly finds itself tipped into the gravest crisis since the 2nd World War, and with respect to the global economy it is actually far worse, because the financial system was teetering on the verge of collapse even before the coronavirus epidemic surfaced as a result of the exponential growth of debt and derivatives - so the virus epidemic and the reaction to it has simply acted as a...Read More
"Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety." Benjamin Franklin, writer, printer, political philosopher, politician, Freemason, postmaster, scientist, inventor, humorist, civic activist, statesman, diplomat, one of the Founding Fathers of the United States; 1706-1790 "These are the times that try men's souls." Thomas Pa...Read More
RambusThere are just a handful of events in ones lifetime that are truly history making in their magnitude. For instance the 1918 Spanish Flu pandemic, the 1929 stock market crash, Pear Harbor, the 1987 stock market crash and 911 to name a few. When all of those historical events took place it felt like the end of the world for those that were living in that time period. How could our world ever...Read More
Dave Kranzler, Mining Stock JournalI found it amusing that Zerohedge tried to take credit for reporting the problem of a physical gold shortage on the LBMA and Comex earlier last week. Several of we "gold bugs" have been discussing and reporting on this issue since before the virus crisis exploded. The Comex has been settling contracts that stand for deliver through EFT and PNT transactions by w...Read More
Strengths? ? The best performing metal this week was palladium, up 37.90 percent, essentially regaining all the losses from the prior two weeks. Platinum and silver also rebounded strongly. Gold headed for its biggest weekly gain since 2008 while platinum and palladium were on track for their biggest weekly increases on record. It was a smashing week for precious metals due to supply...Read More
September 17, 2019 was a significant day in American economic history. On that day, the New York Federal Reserve began emergency cash infusions into the repurchasing (repo) market. This is the market banks use to make short-term loans to each other. The New York Fed acted after interest rates in the repo market rose to almost 10 percent, well above the Fed's target rate.The New York Fed claime...Read More
By Avi GilburtOn Thursday, we saw the worst jobless claims number in history (and by far). Yet, the S&P500 futures rallied over 200 points from their overnight lows. So, are we to believe that the "cause" of that rally was the jobless claims?I can assure you that if the market dropped 200 points there would be no question in your mind that the drop was certainly caused by the jobless claim's ann...Read More
Sector expert Michael Ballanger looks at how economic forces are pulling markets in contradictory directions. "It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair, w...Read More
Rudi Fronk and Jim Anthony, cofounders of Seabridge Gold, discuss the potential ramifications of current U.S. fiscal and monetary policy. The U.S. monetary and fiscal authorities are shoveling trillions of dollars into the U.S. economy to prevent a collapse of the economy and the financial system. Will this money be repaid or otherwise withdrawn from the system? If not, what consequences can we a...Read More
Technical analyst John Newell looks back at the gold to silver ratio through history. When we don't understand the present, we can turn to the past. It is believed the natural ratio in the earth's crust is ~10 ounces of silver for one ounce of gold.Back in 3000 BC in Mesopotamia (modern day Turkey, Iraq, Iran), silver and gold were used to enable trade at a rate of 5 ounces of silver to 1 ounce o...Read More
In discussion with Maurice Jackson of Proven and Probable, the Mercenary Geologist offers his take on the coronavirus pandemic, its impacts on economic policy and what he's buying (or not buying) right now. Maurice: Today we will find out if we are at risk of losing our liberty to the coronavirus, along with buying opportunities for your investment portfolio. Joining us for a conversation is Mick...Read More