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Steve Saville - Speculative Investor
Gold’s True Fundamentals
To paraphrase Jim Grant, gold’s perceived value in US$ terms is the reciprocal of confidence in the Fed and/or the US economy. Consequently, what I refer to as gold’s true fundamentals are measures of confidence in the Fed and/or the US economy. I’ve been covering these fundamental drivers of the gold price in TSI commentaries for almost 17 years. It doesn’t seem that long, but time flies when you’re having fun. No
Saturday, June 24, 2017
Dan Popescu - GoldBroker
The Gold Standard
According to Mises, money’s function as a medium of exchange is thus the central one, while its store of value and unit of account functions are merely subordinate functions. I would say store of value and unit of account is what makes the medium of exchange marketable. The medium of exchange has to be simple to understand, not only by educated people but also the most uneducated. It has to be easily accessed, not only in ideal circumstances but also in difficult ones. Many things have been trie
Saturday, June 24, 2017
Ronan Manly - Bullion Star
Are the World’s Billionaire Investors Actually Buying Gold?
Infographic website Visual Capitalist recently published an eye-catching infographic on behalf of Sprott Physical Bullion Trusts which featured 4 well-known billionaire investors and their supposed investments in gold. The infographic is titled “Why the World’s Billionaire Investors Buy Precious Metals” and can be seen here. The 4 investors profiled in the infographic are: Jacob Rothschild (Lord), chairman of London-based investment trust RIT Capital Partners Plc David Einhorn, president of Man
Friday, June 23, 2017
Mish - Global Economic Analysis
Citizens Will Soon Turn their Rage Towards Central Bankers
Via Email, I received an interesting article from Albert Edwards at Societe Generale. Edwards claims citizens will soon turn their rage towards Central Bankers. In an age of “radical uncertainty” how long will it be before angry citizens tire of blaming an impotent political system for their ills and turn on the main culprits for their poverty – unelected and virtually unaccountable central bankers? I expect central bank independence will be (and should be) the next casualty of the current poli
Friday, June 23, 2017
Chris Powell - GATA
At least the gold coins under your mattress won't do this while you sleep
By Arjun Kharpal CNBC, New York Thursday, June 22, 2017 The price of ethereum crashed as low as 10 cents from around $319 in about a second on the GDAX cryptocurrency exchange on Wednesday, a move that is being blamed on a "multimillion dollar market sell" order. Ethereum is an alternative digital currency to bitcoin and had been trading as high as $352 on Wednesday. It has since rebounded from its flash-crash lows to trade to about $325 on the GDAX exchange. According to industry and price trac
Friday, June 23, 2017
Egon von Greyerz - Matterhorn AM
  HUBRIS KILLS WHILST GOLD PROTECTS 
Hubris is a deadly sin. It is an arrogance and conceit of the highest degree that eventually leads to failure. As we reach the final stages of the current economic cycle, hubris is prevalent everywhere. Central bankers and bankers believe that they can continue to create wealth by printing and borrowing money. Since it has worked so well for 100 years in this latest cycle, why can’t it continue? The laws of nature can’t be set aside Throughout history, governments have attempted to set aside th
Thursday, June 22, 2017
Przemyslaw Radomski CFA - SunshineProfits
U.S. Economic Surprise Index and Gold
The Citi U.S. Macro Economic Index has recently plunged. What does it imply for the gold market? The chart presented below has recently gained popularity. As one can see, the U.S. economic data has recently disappointed expectations. The U.S. Economic Surprise Index plunged in June to its lowest level since August 2011. Chart 1: Citi U.S. Macro Surprise Index and S&P 500 Index from 2015 to 2017. Source: zerohedge.com The index measures how actual data readings compare with expectations. A rea
Thursday, June 22, 2017
USA GOLD - USA Gold
Morning Snapshot: Gold edges higher
USAGOLD/Peter Grant/06-22-17 Gold is modestly higher after the recent string of losses stalled shy of trendline support and the 200-day moving average. A slightly lower dollar and a host of uncertainties in the the economic, political and geopolitical realms are all helping to underpin the yellow metal. Initial jobless claims edged higher last week. FHFA home price index rose in April. We’ll see leading indicators for May and M2 for last week later this morning, as well as FedSpeak from Governor
Thursday, June 22, 2017
Bullion Vault
Gold Bullion 'Set to Recover' as Stocks Fall 3rd Day on Global Crude Oil Glut
GOLD BULLION halved a 1% rally from yesterday's new 5-week lows against the Dollar on Thursday, dipping back below $1250 per ounce as world stock markets fell for a third day, pulled down by oil and energy shares. Crude oil traded near 12-month lows around $42 per barrel of US benchmark WTI. Major government bond prices rose, pushing 10-year US Treasury yields down towards their lowest since Don
Thursday, June 22, 2017
Sprott Money
An Empire Self-Destructs - Jeff Thomas
Empires are built through the creation or acquisition of wealth. The Roman Empire came about through the productivity of its people and its subsequent acquisition of wealth from those that it invaded. The Spanish Empire began with productivity and expanded through the use of its large armada of ships, looting the New World of its gold. The British Empire began through localized productivity and grew through its creation of colonies worldwide – colonies that it exploited, bringing the weal
Thursday, June 22, 2017
Phoenix Capital - Gains Pains & Capital
Your Future Wealth Depends on what You Decide to Keep and Invest in Now
Millienials look for instant gratification Spend half of their income on leisure Instant gratification doesn’t work if need to save for the future Savings rates falling, few have retirement funds Important to understand marginal difference between spending and pleasure Future wealth depends on what you decide to keep and invest in now This week the festival of all festivals begins, Glastonbury 2017. Ed Sheeran, Foo Fighters and Barry Gibb will each be singing to the 250,000 revellers who are cu
Thursday, June 22, 2017
Chris Powell - GATA
Shanghai Gold Exchange to offer yuan-back futures contract in Budapest
By Maggie Zhang South China Morning Post, Hong Kong Wednesday, June 21, 2017 China is looking to expand the use of its yuan-denominated gold fix overseas, the chairman of the mainland China's sole gold bourse said today, reflecting on Beijing's attempt to vie for a bigger say in the price-setting of the precious metal. It is now expected that a gold futures contract based on China's yuan-backed gold benchmark price could be listed on the Budapest Stock Exchange in Hungary as soon as the second h
Wednesday, June 21, 2017
Bullion Vault
Gold Price Slips vs. Falling Dollar as Oil Bounces, Bank of England Split Boosts 'Brexit-Hit' Pound
GOLD  PRICES held near 5-week lows against a falling US Dollar on Wednesday, trading at $1243 per ounce as commodities rallied but world stock markets extended Tuesday's retreat in New York. As Brent crude oil rallied $1 per barrel from yesterday's 7-month lows near $45, that pulled the EuroStoxx 50 index of major European shares more than 1% lower. The British Pound meantime rallied aft
Wednesday, June 21, 2017
USA GOLD - USA Gold
Morning Snapshot: Gold maintains defensive tone
USAGOLD/Peter Grant/06-21-17 Gold is maintaining a generally defensive tone, edging once again to 5-week lows on weak momentum. A firm dollar and stocks are weighing on the yellow metal, while a myriad of economic, political and geopolitical risks provide underpinning to the market. I’m watching support marked by the 200-day moving average at 1236.12. With recent FedSpeak echoing the hawkish tone of last week’s policy statement, traders are still unwinding some of their short dollar exposure. Th
Wednesday, June 21, 2017
Julian D. W. Phillips - Gold Forecaster
Gold Market Morning: June-21-2017: Gold still stabilizing below $1,250
Gold Today–New York closed at $1,243.50 yesterday after closing at$1,251.5 yesterday.London opened at $1,246.00 today.Overall the dollar was slightly stronger against global currencies, early today. Before London’s opening:-The $: € was slightly stronger at $1.1145 after yesterday’s$1.1155: €1.-The Dollar index was stronger at 97.66 after yesterday’s 97.57.-The Yen was stronger at 111.14 after yesterday’s 111.39:$1. -The Yuan was slightly weaker at 6.8264after yesterday’s 6.8258: $1. -The Pound
Wednesday, June 21, 2017
Graham Mehl
Forget the Stock Market, Pay Attention to This
You can take this to the bank: Americans are messed up about money. A slew of new surveys and data have come out revealing that we don’t save enough, we spend money we don’t have, we have our financial priorities backwards — and more. Here are five new stats that prove Americans are backwards about money. About 1 in 4 literally have no emergency savings. A survey released Tuesday by Bankrate.com found that 24% don’t have even a single dollar saved for an emergency. And that’s just one of many s
Wednesday, June 21, 2017
John Butler - Goldmoney
The Golden Revolution, Revisited: Chapter 3
This Insight is the fifth in the serial publication of the new, Revisited edition of my book, The Golden Revolution (John Wiley and Sons, 2012). (The first instalment can be found here.) The book is being published by Goldmoney and will also appear as a special series of Goldmoney Insights over the coming months. This instalment comprises the third chapter of Section I.View the Entire Research Piece as a PDF here.The Sources of Economic "Inequality"“Why have labor market institutions and social
Wednesday, June 21, 2017
Andy Hoffman - Miles Franklin
My Newest “Most Likely To Catalyze The Big One”
Today’s article is one of my scariest yet; as, after watching events unfold in the world’s most notorious geopolitical hotspot in recent weeks, it’s difficult to come up, using my best Spock-like logic, with an alternative conclusion to the potentially catastrophic one I’ll discuss today.  Which, if it occurs, may catalyze not only the financial “big one” we all know is coming, but an era of political, geopolitical, economic, and monetary destabilization unlike; and potentially, unparalleled in
Tuesday, June 20, 2017
USA GOLD - USA Gold
The Daily Market Report: Gold Edges Lower As FedSpeak Dismisses Concerns Over Waning Inflation
USAGOLD/Peter Grant/06-20-17 Gold edged to a new 7-week low, but the tone today is broadly consolidative. The yellow metal is underpinned, despite continued gains in the dollar. The dollar index pushed to a 6-week high, as recent FedSpeak has struck a hawkish tone that is consistent with last week’s more hawkish than expected Fed policy statement. They are clearly trying to boost rate hike expectations for September; if for no other reason, to keep that option on the table. Right now, the market
Tuesday, June 20, 2017
Bullion Vault
Gold Price Hits New 1-Month Low as 'Hawkish' Fed Considers Higher Inflation Target
GOLD PRICES popped $5 higher Tuesday lunchtime in London, rallying from new 1-month lows beneath $1243 per ounce hit after what pundits and analysts took to be "hawkish" comments on interest rates from a senior US Federal Reserve official. Having raised rates to a ceiling of 1.25% last week, "This is actually a pretty good place to be," said New York Fed chief William Dudley late Monday. "We are
Tuesday, June 20, 2017
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