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| RATIOS & INDEXES |
| Gold / Silver | 62.96 |
| Gold / Oil | 13.82 |
| Dowjones / Gold | 11.25 |
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 | Most read |  |
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 | Hugo Salinas Price - Plata.com |
 Copernicus, Galileo and Gold. Part II  |
| The development of Economics and the development of Astronomy share interesting parallels.
Aristarchus of Samos – the Greek island that produced Pythagoras – was born in 310 B.C. Aristarchus set Astronomy on the path that would have led to its correct development by postulating the Sun as the center of the Universe, with the Earth revolving around the Sun while revolving around its own axis; he also set the planets in the correct order of their distance from the Sun.
Unfortunately, the preconceiTuesday, June 18, 2013 |
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 | Nathan Lewis - New World Economics |
 "Reinstatement of the Dollar: a Blueprint" (Arthur Laffer, 1980)  |
| Here's something that Arthur Laffer (who was also working closely
with Chuck Kadlec at the time) put out in February 1980. Of course,
in 1980 the dollar had been declining in value for a decade, and, at
the time of this paper, had just had a real crash which
brought its value momentarily to $850/oz. Mercantilist "easy money"
was a disaster. There was a lot of talk at the time of reinstating a
gold standard system, which at the time had been gone only nine
years, sincThursday, June 13, 2013 |
|
 | James Howard Kunstler |
 Paths of Folly |
| Societies periodically go insane. Fallacious memes sweep through a frightened and confused populace and bad things happen, bad choices get made. Two bad ideas in particular infect the American thought-o-sphere these days: 1) that non-cheap oil can keep all the rackets of consumerism going; 2) that we can offset all the quandaries of non-cheap oil with accounting fraud and debt creation.Monday, June 17, 2013 |
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 | Thorsten Polleit |
| The Fiasco of Fiat Money |
| I. Today's worldwide paper-, or "fiat-," money regime is an economically and socially destructive scheme — with far-reaching and seriously harmful economic and societal consequences, effects that extend beyond what most people would imagine.
Fiat money is inflationary; it benefits a few at the expense of many others; it causes boom-and-bust cycles; it leads tooverindebtedness; it corrupts society's morals; and it will ultimately end in a depression on a grand scale.Thursday, June 13, 2013 |
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 | Frank Shostak |
| Is Japan Heading for Another Lost Decade? |
| Recently various commentators have been warning Euro-zone policymakers that they needed to boost stimulus policies in order to avoid a Japanese-style lost
decade. To support their case, they point to the years 1991 to 2000. The average growth of real GDP in Japan during that period stood at 1.2 percent
versus the average growth of 4.7 percent during 1980 to 1990. In terms of industrial production, the average growth stood at 0.1
percent versus 4.1 percent.
According to many experts such as FWednesday, June 12, 2013 |
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 | Martin Masse - Le Quebecois libre |
 What austerity? |
| In all the discussions in Europe about the consequences of so-called
"austerity," the only numbers presented as evidence that austerity
measures have been implemented consist of statistics indicating that
budget deficits have gone down during the past three years.
Indeed, they have. The average level of deficit as a percentage of GDP
in EU countries in 2012 is much lower (4%) than it was at the height of
the crisis in 2009 (6.9%).
For the Keynesian critics of austerityMonday, June 17, 2013 |
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 | Charleston Voice |
Global Times - Hard lessons from China's silver standard  |
| History will repeat, but this time around America will not be able to coin silver Trade Dollars to conduct trade with Asia. Oops. Oh, where O where did my empire go?
Source: Caijing.com.cn
[08:30 July 15 2009]
Chinese macroeconomic historian Ray Huang used to say the Qing Dynasty never understood monetary and fiscal policy, and therefore was unable to compete against the West. In those days, monetary policy in China was essentially tied to silver, the national money standard since tMonday, June 17, 2013 |
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 | Jesse - Le Café Américain |
Even In a Time of Elephantine Vanity and Greed  |
| "Gentleness is everywhere in daily life, a sign that faith rules through ordinary things...
Even in a time of elephantine vanity and greed, one never has to look far to see the campfires of gentle people. Lacking any other purpose in life, it would be good enough to live for their sake."
Garrison Keillor
I know this is hard to remember, especially with all the ugly selfishness that is so evident these days. And because of the increase in wickedness, among people of example in high places, thSunday, June 16, 2013 |
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 | Tim Iacono - Iacono Research |
| Inside the New York Fed’s Gold Vault |
| National Geographic goes to 33 Liberty Street in New York City to visit the Federal Reserve’s gold vault, home to about one-quarter of the world’s gold. Beginning at about the 3 minute mark, you get to see what one tonne of gold looks like, another reminder of just how dense the metal is.
About half-way through this segment, they visit the New York gold district and then they begin a discussion of the current monetary system with this:
All that money used to be backed by gold, but not any moreThursday, June 13, 2013 |
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 | Ranting Andy - Miles Franklin |
| The Worse Things Get The Thicker The Propaganda |
| Read the Monday Afternoon Wrap-Up for 6/10/2013 and the Tuesday Morning Commentary for 6/11/2013
Throughout my “TEN YEARS OF HEAVEN AND HELL” (as of this month, eleven years), the word that best describes my daily WAR with TPTB is suffocating; in so much as EVERY minute, I’ve been besieged with the foul stench of MARKET MANIPULATION and PROPAGANDA.
For example, the monthly NFP report alone has been a source of frustration, anger, and angst for 11 x 12 = 132 days of my life; not to mention, the dWednesday, June 12, 2013 |
|
 | Stewart Thomson - Graceland Update |
 Gold Bull Mkt VS Gold Bull Era |
| Graceland Updates 1.I'm getting a lot of emails to do more macro analysis of the gold market, and the time is ripe to do so.2."We need to continue to push for long-term capital inflows and therefore the FDI policy has to undergo a revamp..We need to move in this direction quickly and it needs to be a paradigm shift in how we look at FDI." - Arvind Mayaram, Economic Affairs Secretary of India, June 17, 2013, Bloomberg News.3.FDI refers to "foreign direct investment in India".The Indian governmentTuesday, June 18, 2013 |
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 | David Petch - Treasure Chest |
| Market Top Called to Within One Day by Contracting Fibonacci Spiral. |
| It is nearing two years since I first published an article describing a theory
titled "Contracting Fibonacci Spiral". For further information, simply Google "Contracting
Fibonacci Spiral" and a plethora of articles should be listed to provide a
more thorough description. Further to this, I published an article in the April
2013 issue of Technical Analysis of Stocks and Commodities (Submitted in October
2012) to attempt to bring more mainstream exposure to this concept.
In a nutshell, tTuesday, June 18, 2013 |
|
 | The Energy Report |
| Fadel Gheit: Avoid the Middle East, Invest in US Refineries |
| The Energy Report: During your last interview in March, you said that oil prices were inflated by about 30% based on replacement costs of about $70/barrel ($70/bbl). Do you still believe that or are prices more realistic today?
Fadel Gheit: Nothing really changed over the course of the year. Oil prices are still inflated. I still stand by my estimate that oil should be trading between $70 and $80/bbl, not $90 or $100/bbl.
TER: What are your top picks among the large-cap exploration and productTuesday, June 18, 2013 |
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| Jesse - Le Café Américain |
| NAV Premiums of Certain Precious Metals Trusts and Funds |
| As expected we have a bear raid on the precious metals in honor of the FOMC meeting.
Make no mistake, this is political messaging. Buy our paper.
And a great deal of the world is ignoring it.Tuesday, June 18, 2013 |
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| Jesse - Le Café Américain |
| SHIBOR Signaling Stress in the Financial System - Liquidity Crunch |
| Here is some interesting data out of China. The story is by Matt Phillips.
The inter-bank liquidity crunch is a classic banking problem for which the central bank as lender and regulator was created.
It would be nice if the bankers could get in front of these problems as they develop, and not merely throw the public's money at them after the fact when bad bank management, official corruption, and excessive greed have made the system vulnerable.
LIBOR itself is quiet, which suggests that thisTuesday, June 18, 2013 |
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 | Mish - Global Economic Analysis |
| Epic Glut of Graduates Depresses Wages; Fake Job Offers Taint Hiring Statistics |
| In response to Pettis on China, Europe, Japan: Bad News for Those Looking for Growth reader "BC" passed on a series of articles about jobs and wages, and matching up graduates with the skills companies seek.
The articles are all in regards to China. Change the names and faces, and the stories sound to me like things you could easily read here.
The problems are universal: too many graduates, trained in fields where there are no jobs or few openings.
Job Prospects for China's Grads Bleak
BusTuesday, June 18, 2013 |
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 | Chris Powell - GATA |
| Ambrose Evans-Pritchard: If Bernanke really shakes tree, half the world may fall out |
| By Ambrose Evans-Pritchard
The Telegraph, London
Tuesday, June 18, 2013
http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100024895/if...
We no longer have a free market. The world's financial asset prices have become a plaything of central banks and the sovereign wealth funds of a few emerging powers.
Julian Callow from Barclays says they are buying $1.8 trillion worth of AAA or safe-haven bonds each year from an available pool of $2 trillion. Nothing like this has been seen before inTuesday, June 18, 2013 |
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| Dennis Miller - Casey Reseach |
| Real Estate Investing: Is Now the Time to Take Advantage of the Current Buyer’s Market? |
| While I spent well over three decades writing books and teaching the subject of negotiations, some of the best lessons I learned on the subject came from luck.
Many investment pundits recommend taking full advantage of the current buyer’s market in real estate. Lenders are foreclosing on many properties, often selling them at a loss. At the same time, many private sellers are listing their property on the market well below what they paid for it. This presents wonderful buying opportunities forTuesday, June 18, 2013 |
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 | Steve Saville - Speculative Investor |
| The Dreaded "Tapering" |
| It seems that every year a new word or term or acronym becomes a prominent part of the financial world's lexicon. Examples from previous years are "irrational exuberance", "Asian tiger", "productivity miracle", "Greenspan put", "goldilocks economy", "commodity supercycle", "savings glut", "Fiscal Cliff", "BRIC", "PIIGS" and "QE". Right now, the term of the day is "tapering", as related to the Fed's plans to scale back the magnitude of its "QE".There is no doubt that the Fed will eventually haveTuesday, June 18, 2013 |
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 | Przemyslaw Radomski CFA - SunshineProfits |
| Is Crude Oil Ready for a Breakout? What Impact Could it Have on Gold? |
| One of the main events of recent days was the strength of demand in the oil market. Yesterday the Brent Crude Oil climbed up to over $106 per barrel and the Light Crude Oil reached $98 a barrel. These are the highest levels since September 2012.
Looking at these reactions, it seems that investors are worried about the correlation between oil prices and the political unrest in the Middle East. Although Syria is not a major oil producer, there are serious concerns that the conflict in the countryTuesday, June 18, 2013 |
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 | Axel Merk - Merk Fund |
| Taper Talk: Bonds at Risk ? Where to Hide? |
| Induced by "taper talk," volatility in the bond market has been surging of late. Is there a bond bubble? Is it bursting? And if so, what are investors to do, as complacency might be financially hazardous. Bond bubble indicator on red alertOur internal best bubble indicator is triggered when an asset, or asset class, exhibits volatility below its historic norm. That is, money flows into an asset not appreciating the risks that are embraced. Think tech stocks in the late 1990s. Think housing in thTuesday, June 18, 2013 |
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| Ben Traynor - Bullion Vault |
| Gold, Silver Drift Lower, Gold Market "Has Seen Paradigm Shift in Investor Attitudes" Since April |
| London Gold Market ReportGOLD drifted to a one-week low below $1380 an ounce Tuesday morning, as silver dipped below $21.80 an ounce, with stocks and commodities broadly flat on the day ahead of tomorrow's US Federal Reserve decision, with analysts speculating on whether the Fed will give details of when and how it might slow down its quantitative easing program."The outlook for the gold price remains negative from a technical perspective," says Karen Jones, head of FICC technical analysis at CoTuesday, June 18, 2013 |
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 | Julian D. W. Phillips - Gold Forecaster |
| Gold & Silver Market Morning |
| Gold Today -New York closed at $1,383.70 on Monday. Asia took the price to $1,378.45 ahead of London's opening. In London it was Fixed at $1,378.50 down $7.50 and in the euro at ?1,030.346 down ?5.20 while the euro was slightly stronger against the dollar at ?1: $1.3379. Ahead of New York's opening gold stood at $1,378.40 and in the euro at ?1,030.50. Silver Today - Silver closed at $21.83, up 8 cents in New York on Monday. Ahead of New York's opening silver stood higher at $21.80.Gold (very shoTuesday, June 18, 2013 |
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 | Mark O'Byrne - gold.ie |
| Platinum 'Supply Squeeze' Likely To Lead to Record Prices |
| Platinum’s fundamentals look increasingly strong and platinum is an attractive diversification for bullion owners looking to further diversify the precious metals component of their investment and savings portfolio.
A record deficit in platinum supplies is set to push prices higher, as unrest sweeps the South African mining industry and demand is boosted by the auto sector and a new exchange traded fund (ETF), according to HSBC, as covered on CNBC (see Commentary).Tuesday, June 18, 2013 |
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 | Jeb Handwerger - GoldStockTrades |
| Contrarian Opportunity in Historically Undervalued Gold Miners |
| There is no doubt about it. Precious Metal mining companies are going through
a time of testing. The financing markets are challenging. Investors have lost
faith in the major gold and silver producers who have over-promised and under-delivered
in high cost projects in questionable jurisdictions. Acquisition strategies
have been poorly executed near interim tops at high valuations. Some could
say it is the worst of times for this sector. However, long term contrarian
investors say thaTuesday, June 18, 2013 |
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| Jesse - Le Café Américain |
| Pictures In an Exhibition: Who Profits? |
| Why keep the median wage low, despite rising profits and productivity?
Whom does an increasingly debt-based economy serve?
Who profits from the status quo?
Pictures in an exhibition of elephantine greed and betrayal of trust.Tuesday, June 18, 2013 |
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|
 | Jeffrey Nichols - Nichols on Gold |
| Suffering Gold |
| Gold continues to suffer under a cloud of bearish expectations. Its price has been trending lower for some 20 months now - and, at recent lows, it is off some 30 percent from the September 2011 all-time high of $1924.
A growing number of investors, analysts, and journalists are already writing obituaries for the decade-long bull market and foresee only a grim future for the yellow metal. These naysayers, most prominently economist Nouriel Roubini who gained some renown for predicting the finanTuesday, June 18, 2013 |
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