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| RATIOS & INDEXES |
| Gold / Silver | 64.14 |
| Gold / Oil | 13.04 |
| Dowjones / Gold | 12.28 |
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 | Most read |  |
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 | Keith Weiner - Monetary Metals |
 The National Debt Cannot Be Paid Off  |
| Government spending is out of control and, while most say they want spending cuts, people oppose cuts that impact them. Among those who get government money, there’s practically an unspoken, unbreakable pact to keep the money coming. But when I say that the national debt cannot be paid off, it’s not a political forecast; it’s a statement on the flawed nature of the dollar.
Astute observers call the dollar a fiat currency. Fiat means force. It’s true that we’re forced to use the dollar (e.g. by tTuesday, March 04, 2014 |
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 | Frank Shostak |
 Is Bad Weather Behind Weak US Economic Trends? |
| Some key US economic data shows visible weakening. The National Association of Home Builders/Wells Fargo sentiment index slumped to 46 in February from 56
in January.
The New York Federal Reserve Bank’s Empire State general business conditions index fell to 4.48 in February from 12.51 the month before.
Also, the yearly rate of growth of housing starts fell to minus 2 percent in January from 6.6 percent in the month before. Whilst the yearly rate of growth for
existing home saSaturday, March 01, 2014 |
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 | Mish - Global Economic Analysis |
 It's So Cold ... Polar Bears Taken Inside; Hundreds of Students Arrested Protesting Keystone Pipelin |
| Seriously misguided students are up in arms over the possible revival of the Keystone Pipeline project from Canada to the US. Their concern is greenhouse gas and global warming.
The notion that global warming is caused by man-made greenhouse gasses is questionable enough. The globe has gone through periods of glaciation and melting over hundreds of millions of years. Scientists think they can model changes over a period of hundreds or thousands of years when even 100,000 years may be insufficiFriday, March 07, 2014 |
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 | Food for thought - 24hgold |
| An Answer to Warren Buffet on Gold |
| This is in response to Warren Buffett's quote that gold has no utility and people watching from Mars would be confused.
"Federal Reserve Notes: They get printed on ordinary pieces of paper, or something. We use expensive presses and lots of ink and make these things, then we stick them in a vault and pay people to stand around guarding them.
They have no moreFriday, March 07, 2014 |
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 | Jim Willie CB - Hat Trick Letter |
Ukraine as the USDollar Waterloo  |
| The desperation of the Anglo-American leadership, guided by the steady corrupt banker hands, has never been more acutely high, nor obvious in full view. The entire Ukraine situation is a travesty. It includes Langley agents killing police and street demonstrators from rooftops, the confirmation coming from the Estonian Embassy (translation of scripts). It includes thefts of official Ukrainian Govt funds, again sent to the Swiss hill sanctuary. It includes sanctions delivered by a US Paper Tiger,Friday, March 07, 2014 |
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| Food for thought - 24hgold |
Warren Buffet on Gold  |
| Gold : "It gets dug out of the ground in Africa, or someplace.
Then we melt it down, dig another holeThursday, March 06, 2014 |
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 | Bron Suchecki - Perth Mint |
| US deep storage gold reserves bar list made public |
| Warren James (the guru of ETF bar list analysis) was tipped off by a reader that the US government had a bar list of its deep storage gold reserves on its website, see Victor's tweets here for details and links. Warren's initial comments are:
"Have already perused the bar numbers - a stack of Rand/Matthey/Rothschild bars there but no match (obviously) for the bar signatures we have in ETF data and happy to say that the sequences are consistent with the data we have. They are (again as you mightWednesday, March 05, 2014 |
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 | Rick Ackerman |
| Would You Choose Putin Over Obama? |
| Whom would you prefer as U.S. president: Vladimir Putin or Barack Obama? That’s the topic of the week, and I want you to have fun with it. And lest you judge Mr. Putin too harshly in the light of current events, consider how President Obama might react if half the population of California were threatening to jettison ties with Washington and unite with Mexico. That’s roughly the problem that Mr. Putin faces in Ukraine, which is verging on civil war over the question of whether the country shouMonday, March 03, 2014 |
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| Pete Kofod - Casey Resarch |
| What’s Wrong with Modern Libertarians |
| Like many of you, I was sad to learn that David Galland would be stepping away from The Room. His insights always served as a highlight of the week, offering a dose of refreshing candor into the tragicomedy of our world. David has become a dear friend, and I look forward to seeing him regularly at the owners' events at La Estancia de Cafayate. David is unlikely to remain still, so join me in wishing him the best of luck in whatever endeavor is fortunate enough to attract his attention. I would lSunday, March 02, 2014 |
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 | Jan Skoyles - The Real Asset Co |
 Five years of daylight robbery |
| ‘Why do you invest in gold, when it doesn’t pay interest?’ This is one of the most frequently asked questions when it comes to gold investment discussions.
Gold may not pay interest but neither, it seems do the banks.
Today the Bank of England’s MPC met for their monthly bank-rate setting meeting. This was the 60th meeting since they first set rates at the record low of 0.5%, five years ago.
Savers’ campaign group Save Our Savers estimates that since the first rate cut to 0.5% on the 5th March 2Friday, March 07, 2014 |
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 | Paul Tustain - Galmarley.com |
| Ionia - Riches without strength [700 BC] |
| This ancient Greek state's money was described by Aristotle. It seems to have been an early attempt, centred on Clazomenae, one of the 12 Ionic cities, at a wholly representative (numerary) money system. It consisted of iron discs which were stamped rather roughly by the state and deemed to pass as value for gold (or possibly silver).Thursday, March 06, 2014 |
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 | David Morgan - Silver Investor |
| Chapter 3: Physical Silver – To Buy or Not? |
| Many believe gold is the only asset that isn't someone else's liability, but in our latest installation of the "Guide to Silver Investing," David Morgan argues that not only does physical silver serve the same purpose, it is more liquid. Read on. . .Wednesday, March 05, 2014 |
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 | investing in precious metals - Run to Gold |
| How to detect a Fake Tungsten Gold Bar |
| When one goes to buy gold they want real gold, not some cheap substitute like a fake tungsten gold bar. There has been a lot of rumor, neither credible nor verifiable sources, about bars containing both gold, the Ancient Metal of Kings and tungsten, the ‘heavy stone’.Tuesday, March 04, 2014 |
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| Food for thought |
Charles de Gaulle on Gold  |
| Indeed, there can be no other criterion, no other standard than gold.
Yes, gold, which never changes, which can be shaped into ingots, barsMonday, March 03, 2014 |
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 | Richard Mills - Ahead of the Herd |
| Dawn of the Dead Watershed |
| There's a lot of water on the planet we inhabit – an estimated 326 million trillion gallons or 1,260,000,000,000,000,000,000 liters.
That makes it hard to believe that there are somewhere between 780 million to one billion people without basic and reliable water supplies and that more than two billion people lack the requirements for basic sanitation.
Harder still to believe are reports water is going to get much dearer in our near term future yet global demand for fresh water may outstrSunday, March 02, 2014 |
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 | Chris Ciovacco - Ciovacco Capital Management |
 Stocks: October 2007 vs. March 2014 |
| Fed's Fisher Down On QE
The Federal Reserve has signaled to the markets that economic data would have
to veer significantly off their anticipated path to terminate the Fed's tapering
process. Some additional taper-friendly remarks were made this week. From Reuters:
A U.S. Federal Reserve policymaker who has long criticized its bond-buying
stimulus said on Wednesday the program has lasted too long, and there are
signs it is now distorting financial markets and encouraging riskFriday, March 07, 2014 |
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 | Andy Hoffman - Miles Franklin |
| Walking the Tightrope |
| In recent months, there have been countless topics of vital importance to discuss; in some cases, potentially cataclysmic ones, like the quite obvious escalation of the Ukrainian conflict, irrespective of comical Western propaganda suggesting otherwise. Not that the Ukrainian revolution is the world’s top “horrible headline”; as in our view, myriad others are equally ominous. However, it is certainly a major issue and currently embraced by the squirrel-like attention span of the MSM – despite Friday, March 07, 2014 |
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 | Tim Iacono - Iacono Research |
| Payrolls Up 175K, Jobless Rate Climbs to 6.7% |
| The Labor Department reported that nonfarm payrolls rose by 175,000 in February after an upwardly revised gain of 129,000 in January and the jobless rate increased from 6.6 percent to 6.7 percent as more workers entered the labor force but were not able to find jobs.
Including the modest gain of 84,000 in December, recent job creation marked the lowest three-month total since mid-2012 when the unemployment rate was over 8 percent.
The jobless rate rose for the first time since January of last yFriday, March 07, 2014 |
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| Tim Iacono - Iacono Research |
| Pimco Needs a “Wambulance” |
| This entry from the always interesting (if sometimes typographically and grammatically challenged) Urban Dictionary describes what billionaire bond king Bill Gross at Pimco and outgoing Pimco CEO Mohamed El-Erian are apparently in need of…
…at least based on the Reuters front page that, for most of the morning, has been blaring:
Exclusive: Pimco’s Gross declares El-Erian is ‘trying to undermine me’
A Captain Queeg reference from the classic movie Caine Mutiny might have worked just as well in tFriday, March 07, 2014 |
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 | Chris Powell - GATA |
| Alasdair Macleod: Elevating markets: A signal of reviving bank lending? |
| "Free markets are a myth," GoldMoney research director Alasdair Macleod writes today, "since capital markets are no longer where buyers and sellers meet to buy and sell things based on perceptions of value. Instead it is all about trends and trusting the Federal Reserve." He adds that since markets are still elevating even as the Fed purports to be reducing its bond purchases, the money pumping may have been picked up by a revival in bank lending. Macleod's commentary is headlined "Elevating MarFriday, March 07, 2014 |
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 | Przemyslaw Radomski CFA - SunshineProfits |
| Bitcoin Trading Alert: Alleged Bitcoin Creator Denies Any Involvement |
| Bitcoin Trading Alert originally sent to subscribers on March 7, 2014, 10:29 AM.
To the point: we don’t support having any short-term positions in the Bitcoin market.
The media frenzy surrounding the supposed discovery of the Bitcoin creator continues. Dorian Satoshi Nakamoto, the man Newsweek claims to be the creator of the currency, denied having any involvement with Bitcoin and claimed he hadn’t heard of Bitcoin until recently.
A L.A. Times’ reporter tweeted she had spoken with Mr. NakamotFriday, March 07, 2014 |
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| Mish - Global Economic Analysis |
| Nonfarm Payrolls +175,000, Household Survey +42,000; Unemployment Rate 6.7% |
| Initial Reaction
Nonfarm Payrolls rose by 175,000 vs. a Bloomberg consensus expectation of 150,000.
The employment change for December 2013 was revised up by 9,000 (from +75,000 to +84,000), and the employment change for January 2014 was revised up by 16,000 (from +113,000 to +129,000). The overall effect was a modest two-month upward revision of +25,000.
Beneath the surface, things look worse again. The household survey shows a gain of employment of only 42,000 while unemployment rose by 22Friday, March 07, 2014 |
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