Mark Twain said history doesn't repeat itself but it rhymes. We often see that in the capital markets. The big decline in Gold this year is reminiscent of that of 1975-1976. Yet, aside from that there are several other similarities between today and 1976. Gold, gold stocks, the stock market and commodities appear to be in a similar position today compared to 1976. We note and discuss the four s... read more
Gold rose to the highest in three weeks after payrolls in the U.S. climbed less than projected in September, increasing speculation that the Federal Reserve will maintain monetary stimulus to boost economic growth.
The addition of 148,000 workers followed a revised 193,000 rise in August, Labor Department figures showed today. The... read more
Why is the liquidity trap? Credit where credit is due; Paul Krugman anticipated this where many others did not ... Since late 2007 the monetary base has risen more than 300 percent, while GDP and consumer prices have risen less than 20 percent. And no, the disconnect is not all due to the 0.25 percent interest rate the Fed pays on reserve... read more
Gold prices could see support from an unlikely quarter if Federal Reserve economists pay closer attention to the reality of U.S. read more
China is now overtly pushing for the US dollar to be replaced as the world’s reserve currency.
Xinhua, China’s official press agency on Sunday ran an op-ed article which kicked off as follows:
“As U.S. politicians of both poli... read more
"Quantitative Easing was the drug prescribed by economists to keep Western economies functioning in a moment of crisis. Sunday Telegraph economic commentator Liam Halligan argues that the policy of money creation has now become a dangerous addiction."
Full audio here: BBC News
It is rare that investors are given a road map. It is rarer still that the vast majority of those who get it are unable to understand the clear signs and directions it contains. When this happens the few who can actually read the map find themselves in an enviable position. Such is currently the case with gold and gold-related investments.
The common wisdom on Wall Street... read more
While silver demand among U.S. traders at the moment is muted, silver demand in India - the world's biggest buyer of the white metal - is insatiable.
It will be one of the biggest factors supporting higher silver prices in 2014.
And it all stems from a move the government made to limit gold buying...
India -... read more
had the chance a few days ago to speak with Dr. Mario Draghi, former Governor of the Bank of Italy & President of the European Central Bank(ECB).
During an open forum at Harvard’s Kennedy School of Government, Dr. Draghi was kind enough to address one of my questions on gold, as well as comment on the intertwining relationship between central banking and host-government legislature.... read more
Marc Faber, publisher of The Gloom, Boom & Doom Report, told CNBC on Monday that investors are asking the wrong question about when the Federal Reserve will taper its massive bond-buying program. They should be asking when the central bank will be increasing it, he argued.
"The question is not tapering. The question is at what point will they increase the asset... read more
