Security firm McAfee on Thursday released a report warning that a massive cyberattack on 30 U.S. banks has been planned, with the goal of stealing millions of dollars from consumers' bank accounts.
McAfee's research upheld an October report from RSA, the security wing of IT giant EMC Corp (EMC, Fortune 500).
RSA startled the security world with its announcement that a gang of cybercrimina... read more
Two of the most prominent central bankers opposed to the Federal Reserve’s decision this week to launch a fourth round of quantitative easing (QE4) let their opinions be heard on Friday. Jeffrey Lacker and Richard Fisher – Presidents of the Richmond and Dallas Federal Reserve Banks, respectively – made public comments warning that QE4 could lead to escalating inflationary risks and more... read more
By Valentin Petkantchin
You may be among those investors who had the opportunity, but did not seize it, to buy gold cheap in the early 2000s. You may also be willing, but hesitant, to do so at current prices, while still desiring the "anti-crash insurance" it represents.
However, you should be aware that the yellow metal is increasingly valued as a reserve asset, which will tend to... read more
Looking to invest in a popular, yet extremely volatile market? Try silver.
The silver market can make - and destroy - fortunes in a very short time.
Even so, if you are looking for the greatest profit potential and volatility in a trading instrument, silver could be the best investment opportunity of the past decade, according to Eric Sprott of Sprott Asset Management in an interview we p... read more
After a week of choppy trading, King World News is pleased to share with its global readers a fantastic chart which sums up the gold market in one image. The chart was sent to us from Egon von Greyerz, founder of Matterhorn Asset Management in Switzerland. But first, here is what Greyerz said he is looking for in 2013: “In 2013 I see the dollar falling and stocks crashing. Initially inves... read more
The week ahead is shaping up to be an important test for precious metals markets that have struggled recently in the wake of a sharp sell-off on November 28th as detailed here a week ago.
On Tuesday and Wednesday this week, Federal Reserve officials gather in Washington for a policy meeting that is expected to conclude with an announcement that the central bank will increase its monthly mone... read more
The price of gold fell more than $10 an ounce in Friday trading, following a smackdown early Wednesday morning when the price plunged nearly $30 an ounce. In short order, however, the metal ended up finishing November with a modest gain.
What once looked like a move of almost $100 an ounce higher this month has turned into a meager 0.4% gain based on the London PM Gold Fix via data from Kitc... read more
"The fundamentals for gold are unassailable, the long technical picture is excellent and gold remains very inexpensive when compared to almost every other alternative (most particularly, bonds, treasury bills and bank deposits). With currency debasement assured and some form of hyperinflation probable, gold should trade at several multiples of the current price before this bull market reaches i... read more
And so the US debt ceiling of $16.394 trillion is now just $63 billion away [4].
[5]
Furthermore, once Thursday's Bill auction adds another $26 billion [6]in net debt, the ceiling will be a tiny $40 billion off, or just one week's worth of net debt issuance away, which is why the Treasury just warned the debt ceiling will be breached in a few weeks. At that point, just like in August 2011... read more
By: John Cioffoletti
CIO: RS Bullion
There are about 60 million children in the United States under the age
of 15. Whether you celebrate Christmas as a Christian, or elevate
Hanukkah to its commercial equivalent, that means about 60 million
stocking-stuffers will be needed come December 25th.
What better stocking-stuffer than a one-ounce round of triple-nine
fine silver? It's the gi... read more
