Eric, it’s hard to understand how the world economy can function at all. We have near zero interest rates in many countries, massive debts, and we print to borrow more money than ever. Despite all of this, GDP is not growing... First quarter GDP in the U.S. was 0.1 percent annualized, and that will probably be revised lower. And we have record unemployment in Europe and in the U.S., and... read more
Not only did Canadian Maple Leaf sales shatter all records in 2013, their percentage gain was twice as much compared to Silver Eagles.  The Royal Canadian Mint just released their 2013 Annual Report and sales of their Silver Maples were the highest on record. You see, there’s a new Silver Sheriff in town, and it happens to be located north of the U.S. border.  While Silver Eagle sales an... read more
Options investors are bargain hunting after a two-month slump in precious metals prices. While silver has wiped out almost all of a 15 percent gain through the first two months of the year, the cost of bullish contracts on an exchange-traded fund tracking the commodity has climbed to a three-year high relative to bearish... read more

SAN FRANCISCO (MarketWatch) — Peter Schiff, chief executive officer of Euro Pacific Capital, has been known to make forecasts outside the mainstream, and his long-running belief that gold has the potential to hit $5,000 an ounce is no exception. Prices, after all, are struggling to get a grip on $1,300.

We caught up with Schiff to ask him how gold, a big disappointment... read more

In the two months since my last update on USD Fiat Money Quantity, it has increased by $292bn to $12.861 trillion and is still growing rapidly as shown in the chart below. Fiat Money Quantity read more
SINGAPORE/NEW YORK, April 24 (Reuters) - CME Group Inc plans to launch a physically deliverable gold futures contract in Asia, three sources familiar with the matter said, as the world's No.1 futures... read more
Bonds, Gold, and JPY are bid this morning as US equity futures are fading fast. The Dow and S&P futures are now back below pre-AAPL/FB levels and Nasdaq futures falling fast. Gold is back above $1300 (up over $30 from yesterday's pre-Putin lows). Treasuries, led by the long-end, are rallying as safe-haven bids appear across the whole complex. 3... read more

SAN FRANCISCO (MarketWatch) — Gold futures climbed on Thursday, with prices headed toward $1,300 an ounce as tensions between Ukraine and Russia intensified, buoying the metal’s safe-haven appeal.

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Globalization on different countries. 

What do you make of what europe is going through? 

We just heard Mario Draghi saying they have the situation under control. 

Disinflation is here, deflation is not far off. 

I have been bullish on europe and the euro for a long time. 

I think Mario Draghi actually knows what he is doing. 

He has the right mindset. 

There... read more
USDJPY is collapsing...  [4]   Gold and silver are well bid read more