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James West - Midas Letter
Will Ukraine and Russia Catalyze a War?
Amid accusations and acrimonious verbal jousting between the United States and Russia, it appears that the Russian commitment to peace with the Ukraine is either not their intention, or not entirely within their control. Either way, the Ukraine has now resumed operations to neutralize the Russian-sponsored terrorists who have killed and tortured two Ukrainians, including a local politician, in cold blood. It’s remarkable how quickly the situation has evolved from comfortable if uneasy coexisten
Wednesday, April 23, 2014
Jesse - Le Cafe Américain
Gold Daily and Silver Weekly Charts - Hotel California
Its funny the way that 476,000 ounces of gold have been 'delivered' so far this month, but the warehouse inventories never seem to go down. Like the Hotel California, you can check out, but you can never leave. When I was seconded to the ITU in Genève for many weeks at a time, I used to stay in a smaller hotel on the Rue Gevray that was called the Hotel California. It was very convenient because they had efficiency rooms on the top floor with a small kitchen and a balcony with a nice view of
Wednesday, April 23, 2014
Alan Greenspan - 24h.
Gold and Economic Freedom (1966) 
An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense - perhaps more clearly and subtly than many consistent defenders of laissez-faire - that gold and economic freedom are inseparable, that the gold standard is an instrument of laissez-faire and that each implies and requires the other.
Wednesday, April 23, 2014
Jesse - Le Cafe Américain
NAV Premiums of Certain Precious Metal Trusts and Funds - Crash In a Matter of Months?
In case you were wondering there is a Comex precious metal options expiration on Thursday the 24th. Since the expiration is for the inactive month of May, I am wondering if they are not going to do an early hit with a head fake on this one as the day comes.  Hard to forecast.  Typically a noted player will show their hand at some point and the pit crawlers will follow their lead.  They used to walk into the pit, but now I wonder if they just don't print it on the electronic trade, if you know
Tuesday, April 22, 2014
Nathan Lewis - New World Economics
  China Doesn't Need Much Gold To Create a Gold-Based Dollar ... 
Although the idea of Classical money — in practice, a gold-based currency — is not popular today in the U.S., it actually has quite a lot of support elsewhere. Both China and Russia are clearly making moves in that direction, even if perhaps in the form of contingency plans should the present dollar-based system become unusable. However, this trend has been handicapped to some degree by the notion that enormous amounts of gold bullion need to be accumulated
Tuesday, April 22, 2014
Edwin Vieira - GATA
Silver and Gold Guarantee Freedom 
Silver and gold are not merely valuable commodities, investments, and media of exchange. More importantly, they are key "checks and balances" in America's legal and political institutions. The fight against the use of silver and gold as money that has been waged by bankers and rogue politicians since the 1870s as to silver and the 1930s as to gold -- and will intensify as fiat currencies collapse throughout the world -- is ultimately directed against America's national independence, her constitutional government, and every common American's individual liberty and prosperity.
Tuesday, April 22, 2014
Food for thought
  The idea of sound money was devised as an instrument for the protection of civil liberties
It is impossible to grasp the meaning of the idea of sound money if one does not realize that it was devised as an instrument for the protection of civil liberties against despotic inroads on the part of governments. Ideologically it belongs in the same class with political constitutions and bills of rights.
Tuesday, April 22, 2014
Jesse - Le Cafe Américain
  Ukraine: The Global Corporate Annexation
"War against a foreign country only happens when the moneyed classes think they are going to profit from it." George Orwell "War is a racket. It always has been. It is possibly the oldest, easily the most profitable, surely the most vicious. It is the only one international in scope. It is the only one in which the profits are reckoned in dollars and the losses in lives. A racket is best described, I believe, as something that is not what it seems to the majority of the people. Only a small
Tuesday, April 22, 2014
Jesse - Le Cafe Américain
Gold Daily and Silver Weekly Charts - Lies, Damn Lies, and an Option Expiration
“A true opium of the people is a belief in nothingness after death - the huge solace of thinking that for our betrayals, greed, cowardice, and murders that we are not going to be judged.” Czesław Miłosz The action for the precious metals did not bode well, when late last night as gold drifted higher and crept over 1300 it was smacked down by some heavy dumping of contracts in quiet trade in the Globex market. And we saw that classic back and forth sea saw today around the level targeted by
Tuesday, April 22, 2014
Jesse - Le Cafe Américain
Retiring SEC Attorney Proposes a Market That Puts the Public Interest First
I am not sure what the particular solutions might be, but I think an historically large number of people might agree that the government no longer has their best interests at heart. The public interest has been sold to the special interests and their ideologues.  I cannot think of any other reason why the government supports that obscene tax loophole of carried interest that so heavily subsidizes the financialization of the real economy. I cannot think of any other reason why the governmen
Monday, April 21, 2014
Jesse - Le Cafe Américain
Anti-Gold Scare Tactics Seem To Be Largely Ineffective
I have seen the most recent surveys in Asia that show the appeal of gold as a store of wealth, but I had not known of similar results elsewhere.   I also think that physical silver is enjoying some strong interest that is barely mentioned. The propaganda of the Western banks and their friends at Shill & Troll seems to be almost as heavy handed and fairly obvious as their trading tactics of dumping large numbers of contracts to see at market in quiet periods.  They are free have their way in t
Monday, April 21, 2014
Chris Powell - GATA
Barrick and Newmont reported to remain eager for merger
By Euan Rocha Reuters Monday, April 21, 2014 TORONTO -- Talks between Barrick Gold Corp and Newmont Mining Corp about a potential merger have hit a snag, but sources close to the situation say the companies remain keen to reach a deal and discussions are likely to resume. The talks had been on for a few weeks, and the two sides had broadly agreed to a transaction under which Toronto-based Barrick would acquire Denver-based Newmont in an all-stock deal, said one source close to the matter. The so
Monday, April 21, 2014
Mish - Global Economic Analysis
Japan Trade Deficit Largest in History; Imports Soar, Exports Barely Up In Spite of Collapsed Yen
Those who think a collapsing currency are a sure-fire way to increase exports need to rethink their beliefs. Despite a falling Yen, Japan Posts Largest-Ever Trade Deficit. The gap between the value of Japan’s exports and that of its imports grew by more than two-thirds in the 12 months through March, to Y13.7tn ($134bn), according to government data released on Monday. It was the third consecutive fiscal year of deficits, the longest streak since comparable records began in the 1970s. Toyota,
Monday, April 21, 2014
Rick Ackerman
Is Coke ‘Magic’, or Just Bubbly Sugar-Water?
With U.S. consumption of soda pop falling, it would appear that Coca Cola’s unwholesome ingredients are finally catching up with it.  I swore off the stuff in 1964, when I was 15 and worried that Coke would make my zits worse. What cemented my doubts was a provocative cover story in Fact, a magazine published in the mid-1960s by impresario Ralph Ginzburg that took journalistic muckraking to new heights.  In one of Fact’s notorious broadsides, the magazineasserted that drinking Coke regularly wou
Monday, April 21, 2014
Chris Powell - GATA
TF Metals Report: The empty vaults of London
JPMorganChase traded its short position in gold for a long corner not to profit by squeezing the market but to keep unloading metal to manage the price, the TF Metals Report's Turd Ferguson writes today. The exchange-traded fund GLD is still being drained to supply Asia with metal, Ferguson adds, but the supply seems tighter than ever. Ferguson's commentary is headlined "The Empty Vaults of London" and it's posted at the TF Metals Report's Internet site here: http://www.tfmetalsreport.com/podcas
Monday, April 21, 2014
Rick Ackerman
Is Coke ‘Magic’, or Just Sugar Water with Bubbles?
With U.S. consumption of soda pop falling, it would appear that Coca Cola’s unwholesome ingredients are finally catching up with it.  I swore off the stuff in 1964, when I was 15 and worried that Coke would make my zits worse. What cemented my doubts was a provocative cover story in Fact, a magazine published in the mid-1960s by impresario Ralph Ginzburg that took journalistic muckraking to new heights.  In one of Fact’s notorious broadsides, the magazineasserted that drinking Coke regularly wou
Monday, April 21, 2014
Wolf Richter
‘People Don't Grasp Yet What European Unification Will Cost Them’ 
In the Southern half of the Eurozone, people feel crushed because their lives and future have been sacrificed on the altar of the Holy Euro. I'm writing from the Netherlands, so from the Northern side of the Great Divide in the soon-to-be-established cozy, happy Political Union and Paradise. Here we are not suffering as much as the people in Greece, Spain, and Portugal. Not yet. But our politicians are bent on continuing on this road to a federal state which in
Monday, April 21, 2014
Tim Iacono - Iacono Research
C.F. Martin & Company, Established 1833
There was a nice article in Fortune magazine not long ago about Martin Guitar of Nazareth, PA and it’s been hanging around in my Drafts folder, waiting for some Sunday morning when there wasn’t anything else readily available to hoist up. As some of you may know, I grew up just a few miles from Nazareth and Martin Guitar ranks probably a distant second to Mario Andretti in the town’s claim to fame. Even with consumer spending on the uptick, you might not think buyers would be spending their doll
Monday, April 21, 2014
Jesse - Le Cafe Américain
Saturday Evening: Stabat Mater Dolorosa and Russian Easter Overture
Stabat mater dolorosa juxta Crucem lacrimosa, dum pendebat Filius.
Sunday, April 20, 2014
A Poem for Today - E. Mason
The Gold Dollar
Ah, little gold dollar, republican name, Let peace be thy motto, and freedom thy fame; may all use thee kindly and not hide thy face Like misers and bankers in some lonely place,
Sunday, April 20, 2014
Mike Hewitt - Dollar Daze
  Hyperinflation around the Globe 
Angola (1991-1999) Angola went through the worst inflation from 1991 to 1995. In early 1991, the highest denomination was 50,000 kwanzas. By 1994, it was 500,000 kwanzas. In the 1995 currency reform, 1 kwanza reajustado was exchanged for 1,000 kwanzas. The highest denomination in 1995 was 5,000,000 kwanzas reajustados. In the 1999 currency reform, 1 new kwanza was exchanged for 1,000,000 kwanzas reajustados. The overall impact of hyperinflation: 1 new kwanza = 1,000,000,000 pre-1991 kwanzas.
Sunday, April 20, 2014
Przemyslaw Radomski CFA - SunshineProfits
Bitcoin Trading Alert: Important Implications of Going Down
Bitcoin Trading Alert originally sent to subscribers on April 18, 2014, 12:14 PM. Cutting right to the chase: short positions might be the way to go now (stop-loss at $550). A group of investors has come up with an initiative to convince the Tokyo Distric Court to not liquidate Mt. Gox’s assets but instead give a go-ahead to the plan to rehabilitate the failed exchange. A website Save Gox has been set up and the plan has been outlined on it. We can read: Under our proposal, MtGox's remaining
Saturday, April 19, 2014
Chris Martenson
US Gas Will Never Replace Russian Gas For Europe 
Recent entreaties by various US politicians to help wean Europe off of Russian gas are simply preposterous.  The numbers don't add up, and they never will. Let's begin with the facts: 16% of natural gas consumed in Europe flows through Ukraine Mar 14, 2014 Europe, including all EU members plus Turkey, Norway, Switzerland, and the non-EU Balkan states, consumed 18.7 trillion cubic feet (Tcf) of natural gas in 2013. Russia supplied 30% (5.7 Tcf) of this volume, with a significant amount flowing
Saturday, April 19, 2014
Mish - Global Economic Analysis
"Insatiable" Idiocy from the Economist on What to Do About Russia; Warmongers Can't Think
In "Insatiable" the Economist says "The cost of stopping the Russian bear now is high—but it will only get higher if the West does nothing". Economist: Mr Putin has used the Ukrainian crisis to establish some dangerous precedents. He has claimed a duty to intervene to protect Russian-speakers wherever they are. He has staged a referendum and annexation, in defiance of Ukrainian law. And he has abrogated a commitment to respect Ukraine’s borders, which Russia signed in 1994 when Ukraine gave up
Saturday, April 19, 2014
Adam Hamilton - Zealllc
SPX Topping Valuations 3
The lofty stock markets are starting to wobble, with selloffs? frequency and sharpness increasing.The dominant reason the Fed?s stock levitation is running out of steam is severe overvaluation.Stocks are just far too expensive today compared to historic precedent, a dangerous state seen when bull markets are topping.Rampant overvaluation is a glaring warning sign to investors that selling is just beginning.Investing is all about buying low then selling high.So the price paid for any particular s
Saturday, April 19, 2014
Tim Iacono - Iacono Research
Slack, Too Much of It
It will surely be interesting to look back in a few years or so (i.e., after the next financial crisis) at the whole idea of too much “slack” in the economy as being sufficient justification for central banks to have taken such unprecedented actions, money-printing-wise. Here, economist Paul Krugman talks to Bloomberg’s Tom Keene on the subject. It’s easy to sympathize with the unemployed as the global labor market has clearly fallen on tough times in recent years, but, the idea that all yo
Friday, April 18, 2014
Andy Sutton
EU Officially Adopts the Bail-In? with Graham Mehl
It has now been more than a year since that fateful weekend in the Mediterranean when everything changed. However, like most of the big changes we?ve seen lately, there is a subtlety afoot that somehow results in few noticing. This should surprise no one really. How the world can change in such dramatic ways without any type of mass awakening is a topic more for the psychologists who help pull the strings and the evil they represent than for anyone involved in the analy
Friday, April 18, 2014
Alasdair Macleod - Finance and Eco.
Market Report: Economies stalling
It wasn't meant to be like this: six years of global money-printing should have guaranteed economic recovery. Until very recently, there was hope that finally the medicine was having some effect; but in the last few weeks investors have become noticeably more cautious. Is it Ukraine, or is it the slow-down in China? Whatever the story the truth is revealed in the chart of recent US bond prices shown below. The Long Bond yield is leading the way downwards, having broken below the 3.5% level, and
Friday, April 18, 2014
Antal E. Fekete - Gold University
The Significance of the Gold Standard
Of all institutions the gold standard occupies a paramount position as an instrumentality of human freedom, private property, private enterprise, and responsible government. The nature of the gold standard should reveal something as to why it is a necessary and natural companion of human freedom. After specifying the standard gold coin and opening the Mint to its free and un-limited coinage on private account,
Friday, April 18, 2014
Jesse - Le Cafe Américain
SP 500 and NDX Futures Daily Charts - Quiet Trade On Options Expiration - Shamelessness
Today's stock market action was relatively quiet for an option expiration ahead of a three day weekend. The economic news this morning was better than expected. From the oligarchy is audacious department, the BP crisis manager was fined by the SEC for front running the Gulf Oil spill, selling all his family stock holding before the extent of the disaster was revealed. The US markets will be closed tomorrow for Good Friday. Have a pleasant weekend. See you Sunday evening.
Friday, April 18, 2014

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