Undermining the Federal Reserve received a major boost yesterday. Arizona Governor Doug Ducey signed into law a bill that eliminates capital gains taxes on gold and silver, thus allowing Arizona residents to use precious metals as currency instead of Federal Reserve notes. Currency competition against the monopolist Fed is starting to unfold. Let's hope that other states follow in Arizona'... read more

Greg Hunter 5/24/2107

As we continue the third week of trading in May, today the man who has become legendary for his predictions on QE, historic moves in currencies, spoke with King World News about when all hell is going to break loose. Egon von Greyerz:  “Since the 2011 tops in gold and silver, precious metals investors have had their patience severely tested. Six years later, silver is down 66% from th... read more

Something changed in the silver market in May as U.S. Silver Eagle sales have surged compared to the previous month.  This is quite interesting as precious metals sales and sentiment have declined in the West, especially in the United States, ever since Donald Trump was elected President. Many precious metals investors thought that if Trump was elected, it would have been very positive for... read more

Today James Turk told King World News that the gold and silver markets may be set for the mother of all short squeezes that will send prices skyrocketing. “This Kind Of Trading Action Is Rare” Eric King:  “James, you’ve been discussing the possibility of a short squeeze in gold as we approach the end of May. Are you still seeing it develop as you expected?” James Turk:  “Yes... read more

Even after Wednesday’s stock market rout, more analysts are referring to current stock index levels as a “bubble.” I’m one of them, although I make the point that bubbles can last a long time and don’t pop just because valuations are stretched. It’s helpful to remember that Alan Greenspan called the stock market a bubble in 1996 (that was his “irrational exuberance” speech),... read more

[TOKYO] The US dollar struggled to push ahead on Monday, holding near six-month lows against a basket of currencies as investors assessed the impact of US political turmoil and a resurgent euro. The US dollar index, which tracks the greenback against a basket of six major rivals, inched up 0.1 per cent from Friday's late US levels to 97.235. But it was hovering not far from the previous se... read more

RT MAY 22, 2017

Despite yesterday’s market sell-off, the Fed is still on track to raise interest rates in June. Wednesday’s action is no more than a speed bump for the Fed. It will not stop the Fed from moving forward with another 0.25% rate increase. The Fed is embarking on a new path, a path that started several years with QE (quantitative easing). QE is the name for the method the Fed uses to ease m... read more

The dollar was on track to record its worst week against a basket of currencies since July on Friday, having given up almost all the gains made since Donald Trump, now surrounded by political worries, was elected U.S. president last year. The dollar index, which measures the greenback against a basket of six major rivals including a heavily weighted euro, has fallen around 1.8 percent this we... read more