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Sprott Money
The LBMA Is A Ploy of the Central Bank Community - Nico Simons
This article is about the way the Central Bank Community manipulates the price of gold and the role of the LBMA within. We describe some of the signs that the Central Bank Community manipulate the price of gold and that they are using the LBMA to reach their goal. Is the manipulation of the gold price a classic case of Diffusion of responsibility because so many organizations are involved and avoid taking responsibility? Manipulation is a joint effort of the Central Bank Community The sig
Wednesday, August 23, 2017
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 repatria
Tuesday, August 22, 2017
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 looking
Tuesday, August 22, 2017
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-bac
Tuesday, August 22, 2017
Bullion Vault
Gold Price makes Small Recovery in Wake of Political/Geopolitical Uncertainty, while the Market Closely Watches Jackson Hole
GOLD PRICES edged 0.3 percent higher on Monday lunch time, after falling $15 from $1300 per ounce last Friday, as news broke that President Trump’s chief strategist Steve Bannon had left his position at the White House. $1300 per ounce was the highest gold price since the U.S. presidential election. This latest upheaval in the Trump administration followed the resignation of several top CEOs from President Trump's Manufacturing Council, following his weak response to the Charlottesvi
Monday, August 21, 2017
Steve Saville - Speculative Investor
The weakest boom ever
[This post is a slightly-modified excerpt from a recent TSI commentary] The US economic boom that followed the bust of 2007-2009 is still in progress. It has been longer than average, but at the same time it has been unusually weak. The weakness is even obvious in the government’s own heavily-manipulated and positively-skewed data. For example, the following chart shows that during the current boom* the year-over-year growth rate of real GDP peaked at only 3.3% and has averaged only about 2.0%.
Monday, August 21, 2017
Frank Shostak
The Relationship Between Saving and Money
Conventional wisdom says that savings is the amount of money left after monetary income was used for consumer outlays. Hence, for a given consumer outlays an increase in money income implies more saving and thus more funding for investment. This in turn sets the platform for higher economic growth.Following this logic, one could also establish that increases in money supply are beneficial to the entire process of capital formation and economic growth. (Note increases in money supply result in in
Monday, August 21, 2017
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 ext
Saturday, August 19, 2017
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 h
Saturday, August 19, 2017
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 Am
Saturday, August 19, 2017
Sprott Money
  Debt, Dollars, DOW, War, Silver, and Shirts
Yes, they are connected. Dollars are created as debt. More dollars in circulation = more debt. More debt means consumption is “pulled forward” from the future so consumption can occur now. This usually ends badly. Commercial banks and central banks have created trillions of new dollars. Each new dollar devalues every other dollar currently in circulation, in savings, and in pension accounts. Prices rise! Wars are costly, kill people and produce little. Governments like wars because t
Friday, August 18, 2017
Przemyslaw Radomski CFA - SunshineProfits
July ECB Minutes and Gold
Yesterday, the minutes of the ECB’s July meeting were released. What do they say about the ECB stance and what do they mean for the gold market? On Wednesday, the FOMC released minutes from its July meeting. Yesterday, the ECB followed and issued its own recent minutes, which are called “Account of the monetary policy meeting”. Similarly to its U.S. counterpart, the ECB minutes were considered by the markets as dovish. This is because they showed that the officials were worried about the continu
Friday, August 18, 2017
Mark O'Byrne - gold.ie
Gold, Silver Consolidate On Last Weeks Gains, Palladium Surges 36 YTD To 16 Year High
– Gold and silver rise as stocks fall sharply after Barcelona attack – Gold, silver 0.6% higher in week after last weeks 2%, 5% rise – Palladium +36% ytd, breaks out & reaches 16 year high (chart) – Gold to silver ratio falls to mid 75s after silver gains last week – Perfect storm of financial and geopolitical tensions is driving safe haven demand and should see higher prices – Weekly close over $1,300 could see gold quickly test $1,400 – Palladium at 16 year highs today; gold, silver in coming
Friday, August 18, 2017
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 clients
Friday, 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 corporat
Friday, August 18, 2017
Jason Hamlin - Gold Stock Bull
Silver Cycles and War Cycles
Why Silver Cycles and War Cycles? Because silver prices and wars are connected, and because cycles have predictive value when viewed over the long term.  Look at silver prices since the year 1900.  Yes, silver has not freely traded for a long time, but there is value in the study. Six important silver lows have been identified with green ovals.  Two other lows in 1931 and 1971 are ignored.  The six lows identified approximately match these wars: Low            Date                              
Friday, August 18, 2017
Frank Shostak
Do Seasonal Adjustments Help Identify Business Cycles?
Various statistics that governments produce on a regular basis carry the label "seasonally adjusted". What is the meaning of this label? According to popular thinking the data that is observed over time (labelled as time series) is determined by four factors, which are:The trend factorThe cyclical factorThe seasonal factorThe irregular factorIt is accepted that the trend determines the general direction of the data over time, while the cyclical factor causes movements that are related to the bus
Friday, August 18, 2017
Bullion Vault
Gold Prices Advance towards Resistance on Weak Dollar and Cautious FOMC Minutes, Palladium Hits 16-Year High
GOLD PRICES rallied towards its resistance level this Thursday morning in London, while the US Dollar remained weak after rather dovish hints from Fed officials suggesting that the next rate hike may be further postponed, writes Steffen Grosshauser at BullionVault. Gold briefly touched $1289 per ounce before dropping back to $1286 failing to reach the resistance level of $1294 and the psychological barrier of $1300.  The metal started its rise from $1268 on Thursday after
Thursday, August 17, 2017
Przemyslaw Radomski CFA - SunshineProfits
June FOMC Minutes and Gold
Yesterday, the minutes of the Federal Reserve’s June meeting were released. What do they say about the Fed’s stance and what do they mean for the gold market? How can we summarize the recent FOMC minutes? Well, the FOMC members agreed that “the labor market had continued to strengthen and that economic activity had been rising moderately so far this year”. But the most important discussion concerned three other issues. First, several participants noted uncertainty about the future course of the
Thursday, August 17, 2017
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