Global financial markets are now in a very perilous state, and there is a much higher than normal chance of a crash. Bernanke's recent statement revealed just how large a role speculation had played in the prices of nearly everything, and now there is a mad dash for cash taking place all over the world.
After years of cramming liquidity into the markets, creating massive imbalances such as s... read more
One the heels of last week’s propaganda by the Fed, the Godfather of newsletter writers, Richard Russell, writes about the end of the current monetary system, the bond market collapse, volatility in stocks and the end of the Federal Reserve. This is a fantastic piece where Russell includes two key charts.
Richard Russell: ... read more
am an optimist. I'm no conspiracist. I just happen to think the road to hell is paved with good intentions. As a result, I own gold. Let me expand.
The short answer as to why I like gold is because I believe there’s too much debt in the world. Generally speaking, a government with too much debt can:Too much debt in the world?
- Try to outgrow its debt load: as... read more
What does it look like when a 30 year bull market ends abruptly? What happens when bond yields start doing things that they haven't done in 50 years? If your answer to those questions involves the word "slaughter", you are probably on the right track. R... read more
What’s going on right now in gold and silver is preposterous. The gold price has been driven down roughly $600 from its peak in August of 2011. But if you really examine what’s unfolded in that ensuing period, there isn’t anything that would justify the gold price going down to any extent, let alone $600.
This has been a wonderfully orchestrated maneuver by the bullion ba... read more
The quant who produces Trader Tracks newsletter tells The Gold Report that the technical charts project a brightening future for precious metals. Technical market analyst Roger Wiegand tracks annual trading cycles while keeping an expert eye on potentially disruptive world events. He is a stick... read more
Today’s AM fix was USD 1,285.00, EUR 979.42 and GBP 831.88 per ounce.
Yesterday’s AM fix was USD 1,283.25, EUR 978.98 and GBP 836.21 per ounce.
Gold fell $11.70 or 0.90% yesterday and closed at $1,282.30/oz. Silver slid to a low of $19.453 and finished down 2.14%.
Gold is marginally higher today in most currencies. Market participants continue to assess whether the gold price is vuln... read more
On the whole, the world's central banks are now net buyers of gold, and have been for some time, after being net sellers for over twenty years.
Russia is one example.
Why do you think they are buying it? They don't understand money?
They don't know what they, and some of their associated central banks, are planning to do to recapitalize the deteriorating global financial system a... read more
Maguire, who recently appeared in the extraordinary CBC production titled, “The Secret World of Gold,” also spoke about the breathtaking gold and silver smash and what stunned investors around the world should expect next. Below is a collection of what Maguire had to say to KWN in a mixture of communications since chaos erupted in key markets.
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Norcini has been stunningly accurate in his predictions of the movement in the gold and silver markets. Now the acclaimed trader discusses these incredibly important developments in both of these markets below:
Eric King: “I will hand it off to you on the COT (Commitment of Traders Report). Dan, you can give out the numbers there, but I told you I thought there was a 50,000... read more