Wall St. Pundits have summarily exculpated Ben Bernanke from the negative effects derived from artificial interest rates and massive increase in the Fed's balance sheet. Specifically, most market commentators now claim with certainty that the central bank's unprecedented manipulation of markets has been done without creating any inflation.
This assertion is untrue in ev... read more
The "cleanest" dirty shirt, the U.S. dollar, is down versus the euro so far this year; and was down last year. Yet, S&P, in upgrading the credit outlook of the U.S., cites U.S. dollar strength. If this is a strong dollar environment, are investors prepared for a weak one? With plenty of dirty laundry in the world, we ponder how investors might be able to profit from actively managing curren... read more
China approved two domestic exchange-traded products backed by gold as global holdings of the precious metal in ETPs dropped to a two-year low.
Huaan Asset Management Co. and Guotai Asset Management Co. received the China Securities Regulatory Commission’s permission to start the funds, which will be denominated in yuan, said... read more
Why 2013 could be the best year to buy gold since 2008
Quantitative easing, the oft-referenced $85 billion per month shelled out by the Federal Reserve, comes down to the purchase of two kinds of securities — U.S. Treasury paper (bonds, notes and bills) and mortgage-backed securities. The Federal Reserve buys the Treasury paper from the federal government and the mortgage-... read more
Leeb: “I think the biggest news longer-term for gold and silver investors is China’s recent approval of two ETF products. This is yet another sign that China is very intent on accumulating as much gold as they possibly can.
You have to view this in conjunction with the fact that gold is down, but you also have to understand that when the market turns, the turn will be dram... read more
Regarding the following, commonly held viewpoints expressed within this lively discussion: 1) Catastrophic Deflation as debt diminishes and debt-derivatives implode versus 2) Hyperinflation as the the money masters print feverishly to prevent number 1 above; or my personal favorites: 3) One, followed by Two, which is nearly always countered with: 4) “No you idiot, it will be Two, followed... read more
Production of Australian silver bullion coins suspended in April has been restored.
As of today, 2oz Lunar Snake, 10oz Koala and 10oz Kookaburra silver bullion coins have been reinstated for sale on the website.
Availability o... read more
Today the man who provides macro research and commentary to many of the largest financial institutions and top hedge funds around the world sent KWN 4 absolutely stunning gold and silver charts illustrating the shocking demand for both metals. Eric Pomboy, who is founder of Meridian Macro Research, and whose sister Stephanie Pomboy appears in Barrons, also provided incredible... read more
In a fascinating reaffirmation of the fundamentals of the gold bull market, US Banks & Large Traders as defined by the CFTC as being, “commercially engaged in business activities hedged by use of the futures or option markets,” have quietly flipped from being tremendously short gold in late 2012, to now being tremendously long... read more
You’re paying about 100% more to put a gallon of gas in your car today than you did 10 years ago, and 145% more to heat your home. Ouch.
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