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 | Robert P. Murphy |
| The Gold Standard Did not Cause the Great Depression |
| Quarterly Journal of Austrian Economics 19, no. 1 (Spring 2016): 101–111[The Midas Paradox: Financial Markets, Government Policy Shocks, and the Great Depression by Scott Sumner]The Midas Paradox is an impressive piece of scholarship, representing the magnum opus of economist Scott Sumner. What makes the book so unique is Sumner’s use of real-time financial data and press accounts in order to explain not just broad issues—such as, “What caused the Great Depression?”—but to offer commentary on thThursday, November 12, 2020 |
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 | Bob Hoye - Institutional Advisors |
| Signs of the Times |
| Perspective
We have been watching for credit conditions to deteriorate - enough to prompt the establishment to claim that there are no problems. It took a jump in long-dated rates and a hit to the stock markets to prompt some such defensive claims. The advice to ignore the break and focus on the economy seems naïve. In ordinary conditions the top of the stock market leads the peak in the economy by some 12 months. That is why the S&P is included in the formal list of "Leading Indicators" (numberFriday, February 16, 2018 |
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| USA GOLD - USA Gold |
| Gold Shrugs Off Rise In U.S. Consumer Confidence To 118.9 |
| Kitco News/Neils Christensen/06-27-17
Gold prices are relatively unchanged, holding on to some positive gains following economic data that highlight strong optimism among U.S. consumers.
Tuesday, the U.S. Conference Board, reported that its consumer confidence index rose to a reading of 118.9 in June, up from May’s revised reading of 117.9. Economists were expecting to see relatively weaker consumer sentiment, with consensus forecasts calling for a reading around 116.1.
Gold was showing modest gTuesday, June 27, 2017 |
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 | Andy Hoffman - Miles Franklin |
The Future Of Money, And Wealth Storage  |
| Don’t kid yourself. “Paper PM investments” will be under attack for as long as financial markets function – and thus, even when physical gold and silver inevitably win their war with the purveyors of fraudulent fiat currency and “financial markets”, there’s no guarantee that anything other than the real thing will benefit.
Last week’s Miles Franklin All-Star Silver Webinar; in which, it was noted that despite the heinous price suppression of the past six years (that will decidedly end, when theWednesday, April 26, 2017 |
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 | Jesse - Le Cafe Américain |
| Stocks and Precious Metals Charts - |
| Today turned into a 'risk on' day.
There were various interpretations of why that happened, in the manner of price action making the news action.
There were thoughts that the rally in risk was triggered by comments by the Fed's Stanley Fischer which seemed 'dovish' in that he sees only two more rate hikes this year.
A second piece of news that was latched onto to help explain this counter-rally was the news from the Conference Board that retail confidence in higher stock prices is so overly cWednesday, March 29, 2017 |
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 | Przemyslaw Radomski CFA - SunshineProfits |
| Last Bunch of U.S. Economic Data in 2016 and Gold |
| Yesterday, there was a massive U.S. economic data dump. What does the release of several reports imply for the gold market?
Thursday’s morning was full of U.S. economic reports. First of all, personal consumption expenditures increased 0.2 percent last month after a revised 0.4 percent jump in October, according to the Bureau of Economic Analysis. The move was slightly below expectations due to stagnation in incomes. Indeed, personal incomes were flat in November, following a revised 0.5 increasFriday, December 23, 2016 |
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| Bob Hoye - Institutional Advisors |
| Sobriety Is At The Door |
| Signs of The Times
Perspective
Some of the stand-out headlines are showing interesting contrasts.
China's wealthy are still leveraging up in financially-engineered confections.
Connecticut's wealthy are becoming "maddenly frugal", in no longer buying high-end
houses and cars. The headline in between was about Consumer Confidence (Conference
Board) reaching the highest reading since August 2007. Numbers for the report
were cut on September 15th. The NYSE Comp set its high on SeptemberSaturday, October 15, 2016 |
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| Przemyslaw Radomski CFA - SunshineProfits |
| Housing, Manufacturing and Gold |
| Last week, interesting pieces of data on housing and manufacturing were released. What do they imply for the gold market?
We have recently focused on the last FOMC meeting and the presidential debate. Let’s look now at the new bunch of U.S. economic data. August was generally a negative month for the housing market. Housing starts declined 5.8 percent on a monthly basis and 0.9 percent over the year. Permits were flat in August when compared to July, but 2.3 percent lower over the twelve months.Wednesday, September 28, 2016 |
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| 24hGold - Publicnow |
| Historic MOU Signed for Work on Energy East |
| OTTAWA, ONTARIO--(Marketwired - July 14, 2016) - News Release - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) along with the senior representatives of the four major pipeline unions and the Pipe Line Contractors Association of Canada (PLCAC) have come together to sign a historic Memorandum of Understanding (MOU) for work on the Energy East Pipeline Project. The MOU ensures that thousands of the skilled pipeline trade jobs required to build the project will be awarded to members of tThursday, July 14, 2016 |
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| Andy Hoffman - Miles Franklin |
| Market Manipulation Goes Mainstream, As The Powers That Be Turn On Each Other |
| The war for $1,300/oz – which gold, aside from a Cartel-capped blip 16 months ago – hasn’t traded at for nearly two years – is ON! The Cartel, fresh from having lost its 2½ month battle to defend its previous “line in the sand” at $1,250/oz – having taken their naked “commercial” short position to nearly a record high in the process – is sucking wind big time. Let alone in silver; in which their short position is literally at an all-time high, as they try to figure out whether their next “battTuesday, May 3, 2016 |
|
 | Mish - Global Economic Analysis |
| Whole Lotta Flation: Where Is It Perfect Storm |
| “Flation” remains one of the key debates of the day.
Some expect huge inflation. Others expect stagflation (a rediscovered buzzword) and still others hyperinflation (yes, some still hang their hats on that one), or even deflation.
Meanwhile, the Fed and other economists have a spotlight on inflation expectations (as if they matter, but they really don’t).
Let’s take a look at “flation”, where it shows up, and where it doesn’t.
Perfect Storm?
Gad Levanon, vice president, The Conference Board, emThursday, April 14, 2016 |
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| 24hGold - Publicnow |
| March 31, 2016 Rubicon Announces Board and Management Changes |
| TORONTO, ONTARIO--(Marketwired - March 31, 2016) -Rubicon Minerals Corporation (TSX:RMX)(OTC PINK:RBYCF) ('Rubicon' or the 'Company') announces that Julian Kemp, CPA, C.Dir., currently a Director of the Company, will be appointed to the roles of President and Chief Executive Officer ('CEO') and Chairman of the Board of Directors (the 'Board') on an interim basis, effective April 1, 2016. Mr. Kemp is assuming these roles to lead the continued review of the strategic alternatives for the Company. Friday, April 1, 2016 |
|
| Mish - Global Economic Analysis |
| Fed "Workhorse" Model Says Odds of Recession in Next Year Only 3.56; What are the Real Odds |
| Of all the ridiculous opinions as to why the US is not about to enter a recession, the Fed's "Workhorse" Model is at the top of the list.
Torsten Sløk, chief international economist at Deutsche Bank, is taking the optimistic route by drawing attention to a certain economic model that currently puts the chance of an imminent contraction in the single digits. The Federal Reserve's so-called probit model looks at the difference between 10-year and three-month U.S. Treasury rates to gauge the probThursday, January 28, 2016 |
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| Mish - Global Economic Analysis |
| Retail Sales vs. Consumer Confidence; Unwarranted Fed Faith in Wrong Surveys |
| Conference Board Consumer Survey
The consumer conference board does a paper survey every month on consumer confidence.
The board's technical notes say (emphasis mine) "The targeted responding sample size - approximately 3,000 completed questionnaires - has remained essentially unchanged throughout the history of the CCI."
I called up the board with a simple question: How many surveys do you send out to get 3,000 completed questionnaires?
The very snooty person who answered the phone told meTuesday, January 26, 2016 |
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| 24hGold - Yahoo |
| 8:24 am Timberline Resources provides corporate update, will sell its 50 interest in Butte Highlands JV to New Jersey Mining Company |
| 6:11 pm Prima Biomed initiates Phase I melanoma study in Australia (PBMD) : Co announces the initiation of the first clinical trial site for TACTI-mel, a Phase I clinical study in melanoma using its lead compound IMP321, to be conducted in Australia.Prima believes that checkpoint inhibitors represent a cancer treatment revolution. Showing IMP321 to be synergistic with checkpoint inhibitors could significantly increase its clinical and commercial potential. 6:07 pm Taseko Mines responds to actiTuesday, January 26, 2016 |
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| 24hGold - Associated Press |
| Business Highlights |
| ___
End of meat? Startups seek meat alternatives for the masses
NEW YORK (AP) -- Veggie patties have been around for decades, but a wave of startups want to make foods without animal products that look, cook and taste like the real thing.
These companies aim to wean Americans off foods like burgers and eggs, and their efforts are attracting tens of millions of dollars from investors. The goal is to lessen the dependence on livestock for food,Tuesday, December 29, 2015 |
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| 24hGold - Noodls |
| Energy East Project Amended to Reflect Landowner, Environmental, Community and Customer Input |
| Energy East Project Amended to Reflect Landowner, Environmental, Community and Customer Input
CALGARY, ALBERTA--(Marketwired - Dec. 17, 2015) - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) announced today it has filed an amendment to its existing application with the National Energy Board (NEB) that adjusts the proposed route, scope and capital cost of the Energy East pipeline project based on extensive landowner, environmental, community and customer input.
The amended applicThursday, December 17, 2015 |
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| 24hGold - MarketWired |
| OIL Energy East Remains Safest Way of Transporting Crude Oil to Market |
| CALGARY, ALBERTA--(Marketwired - Nov 5, 2015) - TransCanada Corporation (TRP) (TRP) (TransCanada) today announced adjustments to the Energy East Pipeline Project after continuing to listen to local communities, key stakeholders and its customers. The company will be amending the Energy East application before the National Energy Board to remove a port in Québec from the scope of the project. TransCanada remains committed to ensuring a Canadian crude oil supply connection to the Suncor and ValerThursday, November 5, 2015 |
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| 24hGold - Yahoo |
| GOLD 6:31 am McEwen Mining reports Q3 production, showing 43,390 gold equivalent oz, up 54 Y/Y |
| 1:38 pm Federal Signal declares an increase in its quarterly cash dividend to $0.07/share, up from $0.06/share Q/Q (FSS) : 1:13 pm CONSOL Energy falls to thirteen year low following Q3 results (CNX) : CNX is down 20% at an 13 year low following Q3 results.Co reported Q3 (Sep) adj. EPS of ($0.28) vs. the ($0.01) Capital IQ Consensus; revenues fell 8.0% year/year to $813.93 mln vs the $722.86 mln Capital IQ Consensus. "During the quarter, we beat production targets, locked in a significant perTuesday, October 27, 2015 |
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