Goldman Sachs has been predicting the demise of gold for the past few years. Last summer, the firm predicted gold would fall to $1,000 by the start of 2016. The firm reiterated that call in its latest commodities report (March 7), saying it thought gold would fall to that key level within 12 months.
The rationale is that gold is primarily a "safe haven" asset in times of economic and... read more
The Great Gurdgiev Explains Why Central Bank Policies Are “Pure Bullshit”
What’s going wrong with the global monetary policy? Nothing, really, except for the economic reality.
Let me explain. In a forthcoming article I will be highlighting the channels through which monetary policy deployed in recent years (a combination of extremely low lending rates, negative in many cases... read more
Belgium was on the highest terror-alert level after three bombings in Brussels on Tuesday killed at least 26, injured more than 100 and raised fears of a string of follow-up attacks.
Prime Minister Charles Michel, calling it “a violent and cowardly” assault, deployed Belgium’s military to secure the capital after two explosions at the airport and a bombing at a subway station a short w... read more
Despite the large commercial short positions, today James Turk told King World News that the gold and silver markets are about to shock market participants.
James Turk: “The week has started out very quietly, Eric. But it would be unusual for the calm to last long…
James Turk continues: “This coming weekend is Easter, and much of the world celebrates with a 3-day or even a 4-day... read more
Helicopter drops: instransigence of governments to support the recovery has already forced central bankers into uncharted territory
Helicopter drops may have already arrived in stealth form, as monetary policy is forced into truly uncharted territory
The lords of finance are losing their touch.
Institutions which dragged the world from its worst depression since the early 20th cent... read more
Today the top trends forecaster in the world spoke with King World News about why the price of gold is going higher.
Gerald Celente: “Why are people going into gold and why are gold prices going up? Listen to what former Fed president Richard Fischer said, ‘They (the central banks) are running out of ammunition.’ He also said, ‘We injected cocaine and heroin into the system,’ to... read more
On the heels of wild start to the 2016 trading year, today the man who has become legendary for his predictions on QE, historic moves in currencies, and major global events, just warned that the price of silver may be headed to the stratospheric price of $660 as the world financial system melts down.
Egon von Greyerz: “The Fed last Wednesday did what I had already forecast back in Decembe... read more
With a wild start to 2016, today a legend in the business sent King World News a powerful piece predicting that the price of gold will exceed $2,000 this year.
Negative interest rates brought negative moves. Global markets are in turmoil. Gold rallied from the dead after three years in the wilderness with its best start in more than 30 years. Gold is up 19 percent this year as risk adverse... read more
