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 | Stewart Thomson - Graceland Update |
| Gold Stocks: Good Times Are Near |
| Graceland Updates By Stewart Thomson1.After rallying almost $100 an ounce from the July lows of about $1210 (basis December futures), gold is consolidating its gains.2.Fundamentally, there isn’t much immediate time frame news from either the fear trade or the love trade.That’s the root cause of this sideways price action, and its healthy.3.To get some technical perspective on the consolidation, please click here now. Double-click to enlarge this short term gold chart.4.A small head and shouldersTuesday, August 22, 2017 |
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 | Mark O'Byrne - gold.ie |
| Mnuchin: I Assume Fort Knox Gold Is Still There |
| US Treasury Secretary Steve Mnuchin visits Fort Knox Gold
Later tweeted ‘Glad gold is safe!’
Only the third Treasury Secretary to visit the fortified vault, last visit was 1948
Last Congressional visit was 1974
Speculation over existence of gold in Fort Knox is rife
Concerns over Federal Reserves lack of interest in carrying to an audit on gold
Gold was last counted in 1953, nine years before Mnuchin was born
Mnuchin may be looking to prevent countries and states from worrying about and repatriaTuesday, August 22, 2017 |
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 | Steve St Angelo - SRSRocco Report |
| TOTAL WORLD GOLD AND SILVER PRODUCTION: Fact vs Conspiracy |
| By Steve St. AngeloUnfortunately for precious metals investors, there continues to be a great deal of misinformation about how much gold there is in the world. The biggest culprit that confuses precious metals investors is what I call, LOUSY CONSPIRACIES. Those who promote these unsound conspiracies aren’t able to differentiate between FACTS and FICTION.This will be a short post, but it is important as it will lay some ground work for articles to come out over the next several weeks in compariTuesday, August 22, 2017 |
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 | Phoenix Capital - Gains Pains & Capital |
| U.S. Treasury Secretary: I Assume Fort Knox Gold Is Still There |
| U.S. Treasury Secretary: I Assume Fort Knox Gold Is Still There
US Treasury Secretary Steve Mnuchin visits Fort Knox Gold
Later tweeted ‘Glad gold is safe!’
Only the third Treasury Secretary to visit the fortified vault, last visit was 1948
Last Congressional visit was 1974
Speculation over existence of gold in Fort Knox is rife
Concerns over Federal Reserves lack of interest in carrying to an audit on gold
Gold was last counted in 1953, nine years before Mnuchin was born
Mnuchin may be lookingTuesday, August 22, 2017 |
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 | Michael Pento - Delta Global Advisors |
| Cryptocurrencies: Modern Day Alchemy |
| Cryptocurrencies make good currencies, but fail miserably when trying to achieve the status of money. Cryptocurrencies are both created and held electronically inside a virtual wallet. These digital currencies use encryption techniques to regulate the generation of new units and to verify the transfer of funds. Cryptocurrencies operate independently of governments and are decentralized.
The most popular cryptocurrency now is Bitcoin. Bitcoin has risen in popularity because, unlike government-bacTuesday, August 22, 2017 |
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 | James Howard Kunstler |
 Diminishing Returns  |
| These two words are the hinge that is swinging American life — and the advanced techno-industrial world, for that matter — toward darkness. They represent an infection in the critical operations of daily life, like a metabolic disease, driving us into disorder and failure. And they are so omnipresent that we’ve failed to even notice the growing failure all around us.
Mostly, these diminishing returns are the results of our over-investments in making complex systems more complex, for instance theMonday, August 21, 2017 |
|
 | Mish - Global Economic Analysis |
 Deep Subprime Auto Loan Delinquencies Reach 2007 Levels: The Next Big Short? |
| Subprime auto delinquencies have staked up so much that we are back at 2007 milestone levels.
There’s a section of the auto-loan market — known in industry parlance as deep subprime — where delinquency rates have ticked up to levels last seen in 2007, according to data compiled by credit reporting bureau Equifax.
“Performance of recent deep subprime vintages is awful,” Equifax said in a slide show on second-quarter credit trends.
Analysts have been warning for years that subprime car loans posMonday, August 21, 2017 |
|
 | Mac Slavo - ShtfPlan |
| A Robot Army Just Made The Biggest Gold Discovery Of The Century |
| This report from OilPrice.com is a paid advertorial
Prospectors have mined 20 million ounces of gold from the Yukon’s famous Klondike since the Gold Rush. But they haven’t been able to find the original source—the multi-billion-dollar bedrock.
Until now.
A famous geologist armed with the latest in drone tech and robo-drills is certain he’s just found it.
This is the Mother Lode of Klondike gold that countless prospectors have been trying to get at for over a century.
It makes the 20 million ounMonday, August 21, 2017 |
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 | Egon von Greyerz - Matterhorn AM |
| RISK ON: WAR, ECONOMY, DEBT, DOLLAR – RISK OFF: GOLD |
| Totally irresponsible policies by Governments and Central Banks have created the most dangerous situation that the world has ever experienced. Risk doesn’t arise quickly as the result of a single action or event. No, risk of the magnitude that the world is experiencing today is the result of many years or decades of economic mismanagement.
Cycles are normal in nature and in the world economy. And cycles that are the result of the laws of nature normally play out in an orderly fashion without extSaturday, August 19, 2017 |
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| Mac Slavo - ShtfPlan |
| Art Of The Deal Coauthor Says Trump Will Resign By End Of The Year: “Presidency Is Effectively Over… The Circle Is Closing At Blinding Speed” |
| Tony Schwartz, the man who co-authored Art of the Deal with Donald Trump in 1987, now says that the President will likely resign before the end of the year.
In a series of Tweets earlier this week Schwartz showed his disdain for the President and echoed the sentiments of top Democrats who have claimed that Trump will either be impeached or voluntarily step away from the Presidency:
I said some time ago I wasn’t going to tweet about Trump anymore. He hadn’t yet raised the stakes to the point of Saturday, August 19, 2017 |
|
 | Ronan Manly - Bullion Star |
| BullionStar quoted in Wall Street Journal article on New York Fed gold |
| On August 10, the Wall Street Journal (WSJ) published an article about the Federal Reserve Bank of New York (FRBNY) custody gold and the NY Fed’s gold vault. This vault is located under the New York Fed’s headquarters at 33 Liberty in Manhattan, New York City.
The article, titled “The Fed Has 6,200 Tons of Gold in a Manhattan Basement – Or Does It?”, can be read on the subscription only WSJ site here, but is also viewable in full on both the Fox News Business and MorningStar websites, here and hSaturday, August 19, 2017 |
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| James Howard Kunstler |
Total Eclipse  |
| First they came for the statues….
What do you know, long about Wednesday, August 16, 2017, House Minority Leader Nancy Pelosi (D-Cal) discovered that the United States Capitol building was infested with statues of Confederate dignitaries. Thirty years walking those marbled halls and she just noticed? Her startled announcement perked up Senator Cory Booker (D- NJ) who has been navigating those same halls only a few years. He quickly introduced a bill to blackball the offending statues. And, of coSaturday, August 19, 2017 |
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 | Hugo Salinas Price - Plata.com |
| 'There Is No Cure for this Disease...' |
| In 1934, through the Gold Reserve Act, President Roosevelt devalued the dollar from $20.67 dollars per ounce, to $35 dollars per ounce.
The devaluation was excessive, meaning that at $35 dollars per ounce, the world considered that it would rather own American dollars - as undervalued - rather than gold; for this reason, and because of fears regarding another World War, the world shipped enormous quantities of gold to the US, in exchange for US dollars.
The consequence was that the stash of AmSaturday, August 19, 2017 |
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 | Michael Ballanger |
| A Midsummer Night's Dream: Buy Precious Metals |
| Each year since 1987, I have always used the final two weeks of the month of August as a shopping period in a manner not unlike the “Back-to-School” kind only the wares I seek are junior precious metals stocks as opposed to school uniforms, pens, and books. It began after I had been speaking with one of the finest brokers I had ever had the opportunity to know, Edmonton’s late George Milton, whose claim to fame was being the early financier for Bre-X (Not to worry, he and the bulk of his clientsFriday, August 18, 2017 |
|
 | Wolf Richter |
| So When Will China’s Debt Bubble Finally Blow Up? |
| The upside is fake stability. The downside is too ugly to contemplate.
Corporate debt in China has soared to $18 trillion, or 169% of GDP, the largest pile of corporate debt in the world, according to the worried Bank for International Settlements. The OECD has warned about it earlier this year. The New York Fed warned about this debt boom in February and that it could lead to a “financial crisis,” but that authorities have many tools to control it.
The IMF regularly warns about China’s corporatFriday, August 18, 2017 |
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| Mark O'Byrne - gold.ie |
| Must See Charts – Gold Hedges USD Devaluation, Rise in Oil, Food and Cost of Living Since Nixon Ended Gold Standard |
| – Gold hedges massive ongoing devaluation of U.S. Dollar
– 46th anniversary of ‘Tricky Dicky’ ending Gold Standard (see video)
– Savings destroyed by currency creation and now negative interest rates
– Long-term inflation figures show gold a hedge against rising cost of fuel, food and cost of living
– $20 food and beverages basket of 1971 cost $120.17 in 2017
– Household items increased by average of 2000% and oil by 5,373% since 1913
– Gold gained 5,669% since 1913; by nearly 3,000% since 1971
Thursday, August 17, 2017 |
|
 | Przemyslaw Radomski CFA - SunshineProfits |
| U.S. Financial Stability and Gold |
| Recently, Fischer made an assessment of financial stability in the United States. What can we learn from it?
On June 27, Stanley Fischer, Fed Vice Chairman, delivered a speech entitled “An Assessment of Financial Stability in the United States” at the IMF Workshop on Financial Surveillance and Communication: Best Practices from Latin America, the Caribbean, and Advanced Economies, Washington, D.C. We know that it was a few weeks ago, but it is still relevant today.
Fischer explained that the FedWednesday, August 16, 2017 |
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 | Steve Saville - Speculative Investor |
| Can a government surplus cause the economy to tank? |
| According to the article linked HERE, if the US or the Australian or the UK government repaid all of its debt, the economy would tank. The article contains such a large number of factual errors and such a copious amount of nonsense that completely debunking it would take far more time than I’m prepared to spend, so in this post I’ll only deal with a few of the flaws.
To begin, the article points out that US government surpluses have, in the past, often been followed by depressions or recessions,Wednesday, August 16, 2017 |
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| Michael Ballanger |
| Fanciful Fed Follies |
| Having just returned from boating in northern Georgian Bay and an area called The North Channel, I have been by and large out of contact with gold and silver prices since July 22 and am delighted to see that prices have stabilized after dipping in late Spring to under $1,210. Over the past month, the global stock markets have all danced around all-time highs with Dr. Copper forging a break-out above the $2.90 level, marking the highest close in two years. Amazon CEO Jeff Bezos briefly became theWednesday, August 16, 2017 |
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| Mark O'Byrne - gold.ie |
| World’s Largest Hedge Fund Bridgewater Buys $68 Million of Gold ETF In Q2 |
| – World’s largest hedge fund Bridgewater buys $68 million of gold ETF in Q2
– Investors poured $870 million into SPDR Gold in Q2
– Billionaire Paulson keeps 4.36 million shares in SPDR Gold
– “Risks are now rising and do not appear appropriately priced in” – warns Dalio on Linkedin
– Investors should avoid ETFs and paper gold and own physical gold
– Given negative interest rates, companies should consider allocating some of corporate deposits to physical gold as done by Munich Re
From BloombergWednesday, August 16, 2017 |
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