In mid-April we saw gold plummet to just below $1400 an ounce, its lowest price since March 2011. The precipitous drop in April put the yellow metal technically in bear market territory, with people trying to figure out where it’s headed next.
Fast-forward to last Friday whe... read more
Subdued headline inflation hides the inimitable rise of prices across the country; but ConvergEx's Nick Colas examines the pace of inflation in four large cities across the US – Boston, Chicago, New York and San Francisco. All are home to multitudes of urban working professionals, share the same currency and have similar macro economies, though, Colas notes, the trend of pr... read more
A bank holiday was observed in the U.K. and Ireland yesterday.
Ireland’s Finance Minister, and current European Council President, Michael Noonan, is introducing a proposal to European finance ministers that will hit... read more
China signaled it will propose plans this year to allow freer flows of its currency in and out of the nation as part of measures to loosen control over the yuan and interest rates.
The plan on yuan capital-account convertibility will also include a way to let individuals make overseas investments, the State Council said in a statemen... read more
"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake up homeless on the continent their fathers c... read more
Oh the people's flag is deepest red, just like the government's budget...
AS MAY DAY protests go, the US central bank's looked pretty tame on Wednesday.
Athens' strikers burnt a giant picture of Angela Merkel dressed as Hitler. Students in Washington threw bags of urine at each other. Protesters in Madrid waved flags shouting that "Austerity ruins & kills", while Turkis... read more
For many gold bears the fall in the price of gold against the US dollar was a sure sign that faith in the international reserve currency was back. However as Americans rush to order their coins from the US Mint and others lobby their state government to return precious metals to the monetary system, it seems as though the US Dollar is most certainly not back in favour.
Earlier today Arizona... read more
The lead time from discovery to a producing mine is typically 10 to 15 years unless it's already very near a producing district or mine, as you can see on the following chart from the European Gold Forum. The chart shows there were three large exploration cycles in the last 30 years. The last cycle resulted in only a modest spike in ounces between 2004 and 2007, before fizzling out. Of the smal... read more
[Editor's Note: The following post is by TDV Golden Trader Chief Editor, Vin Maru]
Lately there has been a lot more news on how the physical demand for precious metals is off the charts. It seem like the physical off-take of bullion from dealers has onl... read more
