Yes, there is a wall of worry that the stock market is no longer climbing but is now descending. The greatest worry, that makes all others pale in comparison, is that the U.S. central bank, the Federal Reserve, has nothing left in its monetary arsenal but one bullet – Fed-Speak, otherwise known as spin. After three bond buying programs known as Quantitative Easing (QE) flooded Wall Street... read more
During this 25 minute interview, Jason asks Jim about the US Federal Reserve and tapering and also about the European Central Bank (ECB) fighting a currency war because the Euro was too strong relative to the US Dollar and how it was hurting European exporters. Jim thinks the US Dollar is getting too strong and it will hurt the exports of US exporters and that the Federal Reserve doesn't wa... read more
In the first half of the year, the HUI Gold Mining Index turned in a 22 percent performance and oil rose 14 percent. In that same time the Standard & Poor’s 500 Index, the central planners' favorite, rose 6 percent. A much broader stock index, the Russell 2000, generated a modest 3 percent gain. In the third quarter the central planners fought back with their apparently unlimited and unreg... read more
October 6, 2014 London, England [Editor’s Note: Tim Price, Director of Investment at PFP Wealth Management in the UK and frequent Sovereign Man contributor, is filling in for Simon today.] For the benefit of anyone living under a rock these past weeks, Bill Gross, the so-called “Bond King” and manager of the world’s largest bond fund (PIMCO), jumped ship before he could be shoved... read more
Gold has had a historic amount of negative print and airtime this week. The Yamana and Armstrong comments seem timed perfectly to kick the legs out from under gold. The price of the US Dollar seems to have forgotten it was at .7900 only 11 weeks ago. The dollar has risen because the Euro collapsed 1000 points from 1.3600 to below 1.2600. This collapse of the Euro is due to the serious sancti... read more
I would like to reiterate that because its weightings and composition no longer reflect the reality of the international monetary system that the US Dollar Index will continue to become increasingly less informative and relevant. The existing weightings and inclusions are shows in the pie symbol on this dollar chart. But it does serve as a vehicle on which to locate certain key events.... read more
In a word association game, If I said Switzerland, you might say cheese or chocolate or maybe the alps. But another common item everyone associates with the Swiss is their money. Their banks. Their currency. Soon, that currency could change in a big way. This November, a Swiss Gold Referendum is going to a vote, and the repercussions, one way or the other, could cast a shadow of uncertainty... read more
In October of 2013, with China poised to overtake the U.S. as the largest economy in the word, Ai Boajun, vice mayor of Shanghai and member of the Standing Committee of the Communist Party of China Shanghai Committee, told the Chicago Council on Global Affairs he wants a stronger renminbi with free convertibility and cross border trading in local currency. The reserve currency status of the... read more
There is one factor in the silver market that the Fiat Monetary Authorities and Banking Institutions are deeply concerned about. It has to do with controlling the public’s understanding of what is “Real Value” versus “Perceived Value.” While the Fed and its cohorts in the banking industry continue to print money as well as offer plenty of digital liquidity to give the illusion of s... read more
I am focused on East vs. West. The World Bank said that China may already be the largest economy in the world, and if they are not, they will be by the end of the year. The U.S. reaction was, ‘So what.’... China’s reaction was, ‘No, we’re not. The statistics are wrong, and even if we are, we still have low per capita purchasing power. We are a poor country. We don’t have muc... read more