Last week, the big story was how bankers use HFT (High Frequency Trading) algorithmic software not only to rig markets but also to commit theft on a daily basis (Frontrunning, like Quantitative Easing, is just fancy Wall Street lingo to disguise its true meaning of theft). Though many in the public blogosphere expressed shock that stock markets are rigged and that regulators like the Securitie... read more
In his latest monthly editorial, writer and researcher Peter de Graaf has pulled several charts together which show the status of the gold market. Apart from a positive seasonal influence, the fundamentals still point to strength in gold. The “fundamenals” in this context are basically the relative strength of precious metals compared to other finanical assets, in particular money (as r... read more
FOR IMMEDIATE RELEASE:John Cioffoletti announces transition to Valdez Creek Mining CompanyRed Bank, New Jersey- April 2014- John Cioffoletti, Chief Inspirational Officer at Royal Sovereign Bullion Group, announced his resignation effective November 1, 2013.
John served as the Chief Inspirational Officer of Royal Sovereign Bullion Group, a precious metals company... read more
It’s been a busy morning, at the World War D conference. By 10am, Marc Faber had wrapped with his ideas and we were onto the next presenter.
Jim Rickards, author of Currency Wars, entered... read more
Gold Today – The New York gold price closed at $1,332.90 up $5.90 on Friday in New York. Asia and London took it down to $1,324. The gold price was Fixed in London at $1,322.00 down $16.50. In the euro, it Fixed at €960.337 down €9.872 as the dollar stood at $1.3766 from $1.3760: €1. Ahead of the opening in New York gold stood at $1,323.10 and in the euro at €960.96.
Sil... read more
Gold dropped to a one-month low Monday, but that move will amount to a drop in the bucket if the forecast of James Rickards, portfolio manager at West Shore Funds, proves to be correct.
He sees the precious metal rising to $7,000 to $9,000 an ounce in the next three to five years. June gold futures settled at $1,311.10 on the Comex Monday, down $24.90 from Friday.
Fundamentals will push g... read more
TUE 25 MAR 14 | 06:47 PM ET
David Lennox, Resources Analyst at Fat Prophets, says lingering issues of a budget deficit and a debt situation in the U.S. could lift gold prices higher:
From Jim Sinclair:
Chair Yellen has placed herself between the rock of recession and the hard place of playing the hawk. A global recession cannot produce an isolated USA, but rather underscore the heart of the recent US economic figures as a reflection of an insular American economy following the world back into recession, not entirely extremely cold weather related. You might note that Chi... read more
Back in the 1930s, Henry Ford is supposed to have remarked that it was a good thing that most Americans didn't know how banking really works, because if they did, "there'd be a revolution before tomorrow morning".
Last week, something remarkable happened. The Bank of England let the cat out of the bag. In a paper called " read more