Almost a year ago we shared a calculation according to which "Over $120 Billion In Federal Student Loans In Default", suggesting that the next credit crisis has already arrived. Since then the topic of the student loan bubble has become a household topic. Sadly, that d... read more

SINGAPORE (REUTERS) - Premiums for gold bars hit a record high in Asia on Wednesday as lower spot prices lured more buyers, mainly in China, the world's second biggest consumer of the precious metal, amid tight physical supplies. Premiums for gold bars in Hong Kong touched a new all-time high of $6 an ounce over spot London prices, up from $5 last week. Singapore premiums ro... read more

hina has signaled it is going to propose plans this year to allow freer flows of the Yuan both in and out of the nation as part of measures to loosen control over the Yuan and interest rates. It was expected that full and free convertibility after 2022, but it’s clear that the program is moving at an... read more

It is a sure sign of the systemic breakdown of the global capitalist system that the very measures put in place to try to prevent a crisis are creating the conditions for a financial meltdown beyond even the scale of 2008. For almost five years the world’s major central banks have pumped an estimated $7 trillion into financial markets with the stated aim of trying to spark an econ... read more

Paper Gold must cease to function. Manipulation without even a concern to conceal is no longer acceptable. Gold bullion must be emancipated from no gold paper gold. The key to the emancipation of physical gold from paper gold is the warehouse supply held primarily by the COMEX. This supply of gold has been in a distinct and significant down trend for which under present circumstances there s... read more

As virtual fantasy worlds go, Blizzard Entertainment’s Diablo 3 is particularly foreboding. In this multiplayer online game played by millions, witch doctors, demon hunters, and other character types duke it out in a war between angels and demons in a dark world called Sanctuary. The world is reminiscent of Judeo-Christian notions of hell: fire and brimstone, with the added fantasy... read more

The gold market is a complicated global entity. As prices have nosedived this year as a result of investor sell-off, certain corners of the market have showed surprising resilience. In particular, the retail physical market primarily focused in Asia has been extremely robust. It is not news that gold prices have suffered a painful drop this year, especially in April. This is to be expected s... read more

The Bullish Case The best argument why silver may be headed higher is the Commitment of Traders Report (the COT). For those that aren't aware, this report is one of the best predictors of the future price movement of silver. It shows the net long position of the large speculators (i.e. hedge funds and managed futures funds) and the net short position of the commercials (i.e.... read more

Hong Kong and Singapore buyers are paying premium of $5 per oz for a gold bar. Dubai buyers are paying a premium of $7-10 per Kg. Turkey was reportedly paying a premium of $25 an oz over London price. India is paying a premium of nearly $40 per 10 gms.