Summary •The Russian central bank has announced an 18.7 tonne increase in its gold reserves in June after only expanding them by 3 tonnes in May. •This follows on from China announcing a 15 tonne rise in its central bank gold reserve in June following a zero increase in May. •Overall rises in central bank gold holdings for the full year look like coming in at around 300-350 ton... read more
A long time reader and forum member posted the following with a question regarding silver industrial demand: “The question that begs an answer, is how will this ultimately effect the monetary value of Silver and does that foretell a change in investment strategies?” (Full comment below). In a market like silver, where price has not reflected true supply and demand for decades, an inte... read more
On the heels of recent strength in global markets, today a legend in the business sent King World News a powerful piece warning that China’s Plan B is about to shock the world and the gold market. – It is not only in the political world where we are witnessing traditional mores being broken. Ride-sharing Uber for example has challenged guidelines, city mandarins and monopolizing t... read more
With continued uncertainty in global markets, David Stockman weighed in on the coming global collapse and one short seller warned, “I have no idea how long they can keep pretending.” Overnight equity markets were slightly lower, with bonds markets slightly higher in uneventful trading. As for our equity market, Netflix provided some fireworks, as it lost badly at the game of beat-the-nu... read more
Helicopter Money is the end of the financial world as we know it. Is Mad Max-ine running the Federal Reserve? There are problems much larger than anyone has yet mentioned. We live in a stretched beyond tight, credit world. When credit anywhere falls significantly, it puts pressure on the entire system. Today the entire system’s credit number is in fact t higher than the free cash nu... read more
There are many ways of defining helicopter money, but the essential feature is that it involves an increase in the budget deficit which is financed by a permanent increase in the central bank’s monetary base, not by the issuance of government debt. Although this does not literally involve dropping banknotes from the sky, its economic effects are similar. …Why is Japan even considering su... read more
WASHINGTON (AP) — Foreign holdings of U.S. Treasury securities fell for the second straight month in May. The Treasury Department says total foreign holdings dropped 0.5 percent to $6.21 trillion after slipping 0.8 percent to $6.24 trillion in April. Japan, the second-biggest foreign owner of Treasury securities, reduced its holdings by 0.8 percent to $1.13 trillion. China, the bigges... read more
On the heels of the Dow hitting new all-time highs and the U.S. dollar surging, China is about to shock the world and the global financial system. “Global turmoil keeps ratcheting up. Just when you think it couldn’t get any worse, it does. The attempted military coup in Turkey is the latest eruption, following on the heels of yet another massacre in France. Syria remains an ongoing... read more
With the price of gold and silver surging once again, today the man who has become legendary for his predictions on QE, historic moves in currencies, and major global events, warned King World News that the terrifying $2 quadrillion monster is now totally out of control. In a King World News interview I spoke with the man who predicted the Swiss National Bank would experience staggering loss... read more