On Wednesday, gold was trading up slightly from eight-week lows struck yesterday, exchanging hands for $1,277.10 in early afternoon dealings. The metal has gained 11% in 2017, but is nearly $80 an ounce off the year's high struck less than a month ago. Large-scale speculators have been reducing exposure to gold on derivatives markets, but retail and institutional investment in gold-backed... read more

Time is the soul of money, the long-view — its immortality. Hard assets are forever, even when destroyed by the cataclysms of history. It is the outlook that perpetuated the most competent and powerful aristocracies in continental Europe, well up through World War I and, in certain prominent cases, beyond; it is the mindset that has sustained the most fiscally serious democratic republic in t... read more

In a move that was little noticed outside of the financial world, China announced the creation of an oil futures contract (open to international traders) that will be denominated in Yuan and convertible into gold. This move provides the first official linkage of oil to gold, and more importantly a linkage between the Chinese currency and gold. While the contract volumes that will be traded on... read more

Catastrophic Global Impact Egon von Greyerz:  “Inflation is coming and it will have a major effect on the world economy and financial markets. This is one of the factors that will drive gold to levels which few can imagine today. I am discussing 10 Reasons Why Gold Will Surge later in this piece. Markets are expressing no fear and seem very comfortable at or near all-time tops. There is... read more

Cracks in Dollar Are Getting Larger Many Daily Reckoning readers are familiar with the original petrodollar deal the U.S made with Saudi Arabia. It was set up by Henry Kissinger and Saudi princes in 1974 to prop up the U.S. dollar. At the time, confidence in the dollar was on shaky ground because President Nixon had ended gold convertibility of dollars in 1971. Saudi Arabia was receiving dol... read more

Many advocates of bitcoin and other cryptocurrencies have a naïve belief that their digital assets are “beyond the reach of governments,” “cannot be traced” and “cannot be frozen or seized.” But it’s really not true. On Sept. 12, China announced that it was banning the launch of initial coin offerings (ICOs) in China and closing all Chinese bitcoin exchanges. The next day, it... read more

He called this year's gold rally, and Dennis Gartman isn't letting ominous signs change his forecast. Gartman, often known as the commodities king, predicts the yellow metal's run has a lot more gas in it. "A year from now, gold will be demonstrably higher than it is right now," The Gartman Letter's founder told "Futures Now" in a recent interview. "I would certainly think we could see $1400... read more

With gold rallying above the key $1,300 level and silver breaking back above $17, is this why the rally in gold and silver is happening?  Today King World News is reporting on a shocking game-changer in the gold and silver markets that is now unfolding. Eric King:  “Keith, as you know the mid-cycle correction in the gold bull market ended last year.  It was more brutal in terms of d... read more

As the world digests the propaganda released from the Federal Reserve about their preposterous plan to reduce their balance sheet, today John Embry told King World News that the charade is about to end and the implications for the public are horrifying. The Implications Are Horrifying John Embry:  “Eric, at this point the manipulation of all markets has become so blatant and the lyin... read more

The Death of the US Dollar has been a long-time prediction of mine. Given the large volume of reporting on this topic over the past week, we are including the usual five top links, plus five bonus links to offer readers as much information as possible on this critical subject. Australia’s wealth is dependent on exporting US dollar priced commodities, and its financial system relies on forei... read more