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 | Steve Saville - Speculative Investor |
 What should the gold/silver ratio be |
| The price of gold is dominated by investment demand* to such an extent that nothing else matters as far as its price performance is concerned. Investment demand is also the most important driver of silver’s price trend, although in silver’s case industrial demand is also a factor to be reckoned with. In addition, changes in mine supply have some effect on the silver market, because unlike the situation in the gold market the annual supply of newly-mined silver is not trivial relative to the exisWednesday, April 18, 2018 |
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 | Nathan Lewis - New World Economics |
| The Story of Gold Money, Past, Present and Future, by Edwin Walter Kemmerer |
| There aren’t a lot of good books about the gold standard — the monetary system of the world until 1971 — after WWI. There aren’t a lot before WWI either, but it starts to get pretty bad after 1920. Ralph Hawtrey’s books have some merits, but they also have too many errors to serve as a definitive source.
Gold and the Gold Standard: The Story of Gold Money, Past, Present and Future (1944) is something of an exception to this pattern. Edwin Walter Kemmerer was a professor at Princeton.
Wikipedia oThursday, April 5, 2018 |
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 | The Energy Report |
| Surge in Volume Leads to New High for Oil Stock |
| Technical analyst Clive Maund reflects on how to proceed following a surge in this oil company's stock.
While there was clearly an element of luck involved, our repurchase of Jericho Oil Corp. (JCO:TSX.V; JROOF:OTC) on Monday tuned out to be very well timed, as it soared 25% higher (17% on US OTC) to a new high yesterday on huge record volume.
What is likely to happen now? Should you take profits? The answer is believed to be no. Although it could baFriday, March 23, 2018 |
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 | Keith Weiner - Monetary Metals |
| Standing Ready to Lease Gold |
| We will take another break from capital destruction, to treat a topic which has come up this week. On March 11, we said:
“…central bankers do not think about gold.
Granted, they once did. In the 1960’s, there was the now-infamous London Gold Pool to keep the price of gold at $35. This is endlessly cited as evidence of current central bank price suppression, without bothering to mention that until 1971 the official US policy was to maintain the dollar to gold exchange rate of $35 to the ounce. …
Tuesday, March 20, 2018 |
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| Nathan Lewis - New World Economics |
| Economic Nationalism |
| I thought that I would chew over the idea of “economic nationalism” for a bit, to see if we could find something useful in it. The neo-liberal free trade/no borders consensus is a little too easily promoted by many today, apparently without much thought. I am generally in the neo-liberal camp, but I wanted to think about it.
For some reason, “nationalism” is a naughty word these days, but all that it means is that one feels an allegiance to one’s “nation.” The main reason for the badmouthing of Tuesday, March 20, 2018 |
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 | Gary Tanashian - Biwii |
| Bonds, Inflation And Amigos |
| The Bonds segment of NFTRH 491 took a turn to tin foil territory to allow the letter writer to expose newer subscribers to his ideological views and thus, bias. #491 also got pretty talky on the precious metals as it did a thorough review of the sector’s status, with silver’s symmetry to 2016 a very key item. Hint: An ill-fated bounce like so many that have come after the 2016 top is not what we are looking for with the next rally, but it ain’t gonna be easy. You can check out this article for aMonday, March 19, 2018 |
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 | Chris Powell - GATA |
| What are all those monetary metals derivatives held by a few big U.S. banks |
| GATA's and gold's old friend Larry Parks, executive director of the Foundation for the Advancement of Monetary Education (FAME, http://fame.org), calls attention tonight to the third-quarter 2017 report of the U.S. Comptroller of the Currency, which shows that just several government-insured U.S. banks hold $45 billion in derivative positions related to monetary metals.
The chart disclosing these positions, appearing on Page 32 of the OCC report, is reproduced at GATA's internet site here:
htSunday, March 18, 2018 |
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| Chris Powell - GATA |
| U.S. bank derivatives books larger since rescue of Bear Stearns |
| At the end of January 2008, in what would turn out to be its final annual report, Bear Stearns went into some detail about its big book of derivatives. The book had a notional value of $13.4 trillion at the end of November, Bear said, up more than 50 percent from a year earlier. A two-notch downgrade in the firm's credit ratings, it added, would require it to come up with an extra $353m in collateral.
This huge cluster of financial instruments -- swaps, futures, forwards, and options -- may not Sunday, March 18, 2018 |
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| Chris Powell - GATA |
| This $8.8 billion fund sees financial stress spurring a gold rally |
| Rising U.S. interest rates, usually bad news for gold, are instead feeding signs of financial stress among debt-laden consumers and helping drive demand for the metal as a haven.
That's the argument of Sprott Inc., a precious-metals-focused fund manager that oversees $8.8 billion in assets. The following four charts lay out the case for why gold could be poised to rise even as the Federal Reserve tightens monetary policy. ...
... For the remainder of the report:
https://www.bloomberg.com/news/arSaturday, March 17, 2018 |
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| Chris Powell - GATA |
| Iran's break with the dollar is easier said than done |
| A little over two weeks ago Iran eliminated another function of the U.S. dollar in its internal workings in a move positioned amid yearslong plans to reduce dependency on the greenback. The consequences will be manifold and interconnected, but there are discrepancies in views concerning what will happen as a result among experts and officials.
On Feb. 28, the Ministry of Industry, Mines, and Trade announced by way of a directive that all traders are henceforth barred from registering their imporSaturday, March 17, 2018 |
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 | Deepcaster |
| Triggers And March Trigger Impending |
| DEEPCASTER LLCFORTRESS ASSETS PORTFOLIO | LETTERS, ALERTS & ARTICLESHIGH POTENTIAL SPECULATOR | HIGH YIELD PORTFOLIOPreserve & Enhance WealthInvestment & Geopolitical Intelligence Major Market Moves and indeed, Trends, often begin with a Triggering Event (like the one coming later this month—See Deepcaster’s Alert posted March 16 for its identity) so it is essential to identify these Triggers in advance for Key Market Sectors and to deploy one’s investments and Trades Accordingly, to Profit and Saturday, March 17, 2018 |
|
 | Andy Hoffman - Miles Franklin |
| Hypersonic weapons and your standard of living… |
| Do you believe there is any coincidence the Russians first, followed by the Chinese … announced “hypersonic weapons”? I ask this question for several reasons and will come to a conclusion at the end but for now, with the rollout of the “petro-yuan” set for March 26 is there any coincidence we find out about these weapons now?
We were even offered proof over the weekend of successful tests. If that were not enough, what heck is this? Please take the two minutes to watch the video, these are seasoSaturday, March 17, 2018 |
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 | Przemyslaw Radomski CFA - SunshineProfits |
| Has Bitcoin Bought It |
| Punch-drunk from a series of crunching blows, dazed and confused, staggering for the ropes. It’s hard not to get the image of Bitcoin being pummeled by the market, getting the wind knock out of it. But is this picture true? Instead of focusing on what swirls around in the media, a cautious investor would instead reach out for what might drive their profits.
Google has moved to ban Bitcoin-related adds. This shouldn’t be particularly surprising, given the fact that there’s been precedent in the fSaturday, March 17, 2018 |
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 | Adam Hamilton - Zealllc |
| Gold Miners’ Q4’17 Fundamentals |
| The
gold miners’ stocks remain deeply out of favor, trading at prices
seen when gold was half or even a quarter of current levels. So
many traders assume this small contrarian sector must be really
struggling fundamentally. But nothing could be farther from the
truth! The major gold miners’ recently-released Q4’17 results prove
they are thriving. Their languishing stock prices are the result of
irrational herd sentiment.
Four
times a year publicly-traded coFriday, March 16, 2018 |
|
 | Chris Martenson |
 Russia Did It! |
| This past week saw an enormous outpouring of respect and admiration for Stephen Hawking upon his passing.
In contrast to his frail health in life, his contributions to our understanding of the universe were prodigious and robust. Hawking's elevation of rational and intellectual truth above all else, even his failing body, inspired a generation of science lovers.
Perhaps, too, he represented something in desperately short supply in today's world: intellectual integrity.
Our lives are now fraughtFriday, March 16, 2018 |
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 | Alasdair Macleod - Finance and Eco. |
| The egregious errors of static statistics |
| The measure of a man's real character is what he would do if he knew he would never be found out. Lord Macaulay wrote this nearly two hundred years ago. His aphorism is particularly apposite of modern politicians, and also of the modern state itself, which is meant to be selfless in the interest of the common good. We can be certain that when a person moves from outside to inside the machinery of the state, he or she changes from representing the people to representing the state. Presumably therFriday, March 16, 2018 |
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| Przemyslaw Radomski CFA - SunshineProfits |
| Are We Going to $1,120 or $1,510 No Matter What, Own Some Gold! |
| Who will win: bulls or bears? The LBMA published its annual forecast survey for precious metals prices in 2018. Gold prices range from $1,120 to $1,510. Where is the price of the yellow metal headed?
Summary of the Survey
The views of about 30 analysts in the 2018 forecasts are strongly divergent. The average price of gold is projected to be $1,318, so it is expected to be around the current level, but almost 5 percent higher than the last year’s average of $1,257.12. However, the average gold pFriday, March 16, 2018 |
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| Chris Powell - GATA |
| Mike Kosares: Gold's relationship to interest rates isn't so simple |
| Gold's relationship to interest rates, USAGold's Mike Kosares writes today, is a little more complicated than what is described by some pundits and the mainstream financial news media. Gold's relationship, Kosares writes, is closer to real interest rates -- the differential between rates and inflation -- and to the commodity complex generally. Kosares' analysis is headlined "Keep Your Eyes on the Prize" and it's posted at USAGold here:
http://www.usagold.com/cpmforum/2018/03/15/keepyoureyeonthepThursday, March 15, 2018 |
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 | Egon von Greyerz - Matterhorn AM |
| DERIVATIVES – A RECIPE FOR DISASTER SYSTEMIC COLLAPSE |
| Gambling is according to Wikipedia the wagering of money (or something of value) on an event with an uncertain outcome. Three elements are required for gambling, Consideration, chance, and prize. Thus, you make a bet and if you are lucky you win a prize but you can also lose it all. Gambling has been around for thousands of years and maybe longer. The first 6-sided dice dates back 3000 years. Eventually gambling became more organised as casinos were established. The first well known casino was sThursday, March 15, 2018 |
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 | Adrian Ash - Bullion Vault |
| 10 Years of 4-Figure Gold |
| Spot gold prices first broke $1000 per ounce 14 March 2008...
IN FACT the world's first ever $1000 gold deal had happened the day before,
writes Adrian Ash at BullionVault.
Thursday 13 March 2008 – a day earlier than the wholesale 'spot' gold price finally popped above $1000 per ounce – saw a customer of BullionVault offer the five ounces of gold he held in secure, insurThursday, March 15, 2018 |
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