China could be holding even more gold than previously realised, according to Alasdair Macleod, a researcher at online precious metals trader, GoldMoney.
Official figures from China Gold Association (CGA) show that the Asian superpower consumed 1,176 to... read more
The US Fed announced today, through the FOMC statements, that rate hikes should not be expected as fast as some market participants are expecting it. That was enough food to cause the markets to change directions. Stocks levitated higher. Similarly, gold and bonds were pumped, while the US dollar was dumped on the prospects on longer low interest rates in the US. This is what Dan Norcini, pr... read more
According to many analysts surveyed at the beginning of the year 2014 was not supposed to be a good one for silver. In fact in January we reported that many silver forecasts saw the silver price averaging around $21 per ounce. We are now in a mind-set where any activity above $20 per ounce... read more
In 2013, investors watched as the US Mint broke record after record for American Eagle silver coin sales, eventuallyselling... read more
Few Americans in our time recall that the dollar nearly ceased to function as the world’s reserve currency in 1978. That year the Federal Reserve dollar index declined to a distressingly low level, and the U.S. Treasury was forced to issue government bonds denominated in Swiss francs. Foreign creditors no longer trusted the U.S. dollar as a store of value. The dollar was losing purchasing pow... read more
Our lead story: The International Monetary Fund trimmed its outlook for global economic growth in 2014. But the one place not engulfed by this gloomy outlook is the UK, which the IMF expects to grow by 2.9% in 2014. Erin brings you the details. In @ 3:23 Erin then sits down with economist and author Jim Rickards on hi... read more
Summary
  • Asia still wants physical gold.
  • Is Janet Yellen yelling?
  • The Osisko deal is sweet and sour.
  • HFT: The new buzz word.
Recently I visited the breathtaking city of Hong Kong to speak at the seventh-annual Mines and Money conference, Asia-Pacific's premier event for mining investm... read more
n the early days of the 2008 financial crisis, the Federal Reserve said, “Job losses, declining equity and housing wealth and tight credit conditions have weighed on consumer sentiment and spending. Weaker sales prospects and difficulties in obtaining credit have led businesses to cut back on inventories and fixed investment.” (Source: Federal Reserve, March 18, 2008.) As a result of this,... read more
James Rickards, portfolio manager at West Shore Funds, discusses his book "The Death of Money: The Coming Collapse of the International Monetary System." Rickards talks with Bloomberg’s Pimm Fox and Carol Massar on Bloomberg Radio’s "Taking Stock" on April 8th. Listen here.
n 2001, as the painful end of the long stock bull market finally seeped into my consciousness, I began to grow quite concerned about my traditional stock and bond holdings. Other than a house with 27 years left on a 30 year mortgage, these paper holdings represented 100% of my investing portfolio. So I dug into the economic data to discover what the future likely held. What I found shocked me.... read more