The Bank of Japan's review of its monetary stimulus program promised for September has revived expectations it could adopt some form of "helicopter money", printing money for government spending to spur inflation.
The BOJ disappointed market hopes on Friday that it might increase its heavy buying of government debt or lower already negative interest rates, cementing the view that it is run... read more
With continued uncertainty in global markets, today the man who has become legendary for his predictions on QE, historic moves in currencies, and major global events, spoke with King World News about the grand illusion, $80,000 gold and a worldwide nightmare.
Egon von Greyerz: “Welcome to the wonderful world of illusions. This is a world where few people can see the difference between... read more
Trader/analyst Gregory Mannarino says don’t be fooled by a stock market near all-time highs. Mannarino explains, “The reason we took out the last all-time high is the speculation that the world central banks are going to continue to stimulate and suppress interest rates and go deeper into negative territory. This is what caused this recent run-up here, but what you are not going to hear on... read more
On the heels of the Dow hitting new all-time highs and the U.S. dollar continuing to surge, China is planning to shock the world by pushing the price of gold over $10,000.
“Over the past few years, several things have convinced me that China has big plans for gold – plans that would make gold a monetary metal and send its price soaring far higher…
Stephen Leeb continues: “Item... read more
PRECIOUS-Gold steady on BOJ stimulus, set for monthly gain
* BOJ stimulus falls short of expectations
* Palladium, platinum on track to notch best monthly gains
in years
(Adds comments, updates prices)
By Sethuraman N R and Vijaykumar Vedala
BENGALURU, July 29 Gold remained steady on
Friday and was on track for a monthly gain of... read more
On the heels of the Fed decision to keep rates unchanged, gold, silver and the miners ramped higher.
There were plenty of fireworks overnight, as Japan leapt 1.75% after Prime Minister Abe proposed roughly $250 billion worth of fiscal stimulus, with the idea that the BOJ will fund that with some sort of creative piece of paper. We won’t know the details until Friday, but it looks like Jap... read more
Former U.S. Treasury Secretary, Dr. Paul Craig Roberts, just warned that we are about to witness the end of the world as we know it.
“One Ring to rule them all . . . and in the darkness bind them.”
— J.R.R. Tolkien, The Lord of the Rings
“World War II resulted in Europe being conquered, not by Berlin but by Washington…
Continue reading the Dr. Paul Craig Roberts piece b... read more
Marc Faber, author of the Gloom, Boom & Doom Report, urged investment professionals at a recent Chicago conference that 25 percent of a portfolio should be dedicated to gold.
The Chicago Tribune reported that Faber touted gold as “protection from a dangerous combination of tremendous government debt and massive bond-buying by central banks globally trying to fight off recession with near-... read more
As global markets await the final day of the Fed meeting, the world is on the verge of monetary and financial chaos.
This note from the late, great Richard Russell is perfect as the Fed heads into the final day of its meeting: “As for the dollar, it is currently seen as the only safe haven currency on the planet. Since the current fiat dollar is a fantasy created by the Fed, I have little... read more
