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Chris Powell - GATA
Governments will smash cryptos whenever they want, von Greyerz tells KWN
7p ET Sunday, June 18, 2017 Swiss gold fund manager Egon von Greyerz today tells King World News that governments will easily smash cryptocurrencies any time they want to and gold and silver eventually will escape price suppression by governments and central banks and begin to reflect the vast inflation of the money supply. As for when, von Greyerz doesn't say. GATA doesn't know when either, only that the World Gold Council and the gold and silver mining industry will do nothing to hasten the d
Sunday, June 25, 2017
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
Chris Powell - GATA
The fog around gold really isn't so obsolete at all
"One Nation Under Gold" author James Ledbetter writes in the Los Angeles Times today that the wealthier people are, the less likely they are to own gold, and that gold is best regarded as an investment by people who can't afford it. Ledbetter observes that Americans still own a lot of gold even as nobody is sure how much. Indeed, his essay is most interesting for acknowledging the fog that continues to surround gold. Ledbetter writes: "While we may think that we live in a more accountable era,
Saturday, June 24, 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
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
Sprott Money
Anti-Gold Propaganda Flares Up - Dave Kranzler
Predictably, after the gold price has been pushed down in the paper market by the western Central Banks – primarily the Federal Reserve – negative propaganda to outright fake news proliferates. The latest smear-job comes from London-based Capital Economics by way of Kitco.com. Some “analyst” – Simona Gambarini – with the job title, “commodity economist,” reports that “gold’s luck has run out” with the 25 basis point nudge in rates by the Fed. She further explains that her predicted two
Thursday, June 22, 2017
Jason Hamlin - Gold Stock Bull
How to Profit from Irrational Low-Inflation Exuberance
Everyday Definition of Inflation:  “Stuff costs more.” U.S. Government Definition of Inflation:  “After extensive statistical analysis and data manipulation … yada yada yada.” Shadowstats publishes their version of consumer price inflation.  The Chapwood Index is another version.  Both indicate real inflation rates in the U.S. are MUCH HIGHER than the official government statistics. THE PROBLEM WITH INFLATION MEASUREMENTS: Inflation measurements, or more properly, consumer price inflation, or e
Thursday, June 22, 2017
Phoenix Capital - Gains Pains & Capital
Junk Bonds Signal the Great Global Debt Binge Is Coming to an End
The market has gone absolutely nowhere for 15 weeks now. That is not a typo, nor am I bearing overly negative. Since the end of February, when President Trump last tweeted that he had big plans for the economy, the S&P 500 is up a total of just 1.6% or roughly 39 points. And THIS is the raging bull market that everyone is so crazy about? A market in which it took almost FOUR months for stocks to eek out a 1.6% gain? Meanwhile against this backdrop of unhinged bullishness, the credit markets are
Thursday, June 22, 2017
Chris Powell - GATA
Dave Kranzler: Anti-gold propaganda flares up
Predictably, after the gold price has been pushed down in the paper market by the Western central banks -- primarily the Federal Reserve -- negative propaganda to outright fake news proliferates. The latest smear-job comes from London-based Capital Economics by way of Kitco.com. Some "analyst" -- Simona Gambarini -- with the job title of "commodity economist," reports that "gold's luck has run out" with the 25-basis-point nudge in rates by the Fed. She further explains that her predicted two m
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
Phoenix Capital - Gains Pains & Capital
Are Central Banks Getting Ready to Crash the System Again?
While investors pile into Tech Stocks based on endless promotion from the financial media, the US economy is rolling over. Last week the NY Fed downgraded its economic forecast for 2Q17 to just 1.9%. Even worse, it is now forecasting 2017 total growth to be a measly 1.5%. Yes, 1.5%. There is a clear trend to this chart… and it’s NOT up. Source: NY Fed Wait, it gets worse. The Citi Surprise Index has collapsed to levels not seen since 2011. Source: Yardeni Research Why does this level matter? T
Wednesday, June 21, 2017
USA GOLD - USA Gold
BOJ’s Kuroda: need to stick with easing, watch price trend
Reuters/Stanley White/06-21-17 Bank of Japan Governor Haruhiko Kuroda said maintaining the current easy monetary conditions is appropriate because prices are lagging improvements in the economy and remain distant from the central bank’s inflation target. …”Our economy is on firmer footing, but we are still distant from our 2 percent inflation target,” Kuroda said. “It is appropriate to keep monetary conditions easy with our current market operations framework.”
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
Steve Saville - Speculative Investor
The Central-Bank Moment
Hyman Minsky was an economist who popularised the idea that “stability leads to instability”. According to Minsky and his followers, credit expands rapidly during the good times to the point where a lot of borrowing is being done by financially fragile/vulnerable entities, thus sowing the seeds of a financial crisis. That’s why the start of a financial crisis is now often referred to as a “Minsky moment”. Unfortunately, Minsky’s analysis was far too superficial. Minsky described a process during
Wednesday, June 21, 2017
Mac Slavo - ShtfPlan
Trump’s Latest Tweet Hints That Nuclear War Is Getting Closer: “China’s Help with North Korea Has Not Worked Out”
There’s a reason we’ve suggested that concerned Americans stock up on anti-radiation pills and CBRN rated Gas Masks and if President Trump’s latest tweet is any guide then time is running short. While I greatly appreciate the efforts of President Xi & China to help with North Korea, it has not worked out. At least I know China tried! — Donald J. Trump (@realDonaldTrump) June 20, 2017 While it’s not an outright declaration of war, it certainly appears that the situation on the Korean peninsula
Wednesday, June 21, 2017
Chris Powell - GATA
Giustra repeats that gold price is 'managed' but won't say 'manipulated'
3:32p ET Tuesday, June 20, 2017 Mining entrepreneur Frank Giustra, interviewed today by Kitco News' Daniella Cambone, repeats his observation, made at the Vancouver Resource Investment Conference in January -- http://www.gata.org/node/17223 -- that the price of gold is "managed" by central banks with the help of bullion banks. In his interview with Kitco, Giustra doesn't want to say the gold price is "manipulated," but he warns against "paper gold" because of its likely lack of backing. The in
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
Adrian Ash - Bullion Vault
SP 2400 Party People
Plastic face, can't smile, white out... SO EVERYONE agrees this is nuts, writes Adrian Ash at BullionVault.  But no-one wants to do a damn thing about it.  Sound familiar?  "Record number of fund managers consider equities overvalued," says the latest Bank o
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
Chris Martenson
The Pin To Pop This Mother Of All Bubbles?
Global macro economic data has been weak for many years, but there’s now a very real chance of a world-wide recession happening in 2017. Why? A dramatic and worsening shortfall in new credit creation.  The world’s major central banks have, again, done the world an enormous disservice.  Instead of admitting that maybe/perhaps/possibly the practice of issuing debt at more than twice the rate of underlying economic growth was a very bad idea over the past several decades, they instead doubled down
Tuesday, June 20, 2017
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