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Gold 1275.54-11.10
Silver 19.37-0.09
Platinum 1413.00-3.70
Palladium 900.00-3.90
DOWJONES 1709815
NASDAQ 458023
NIKKEI 15669192
ASX 565728
CAC 40 4380-1
DAX 94799
HUI 2463
XAU 1021
AUS $ 1.4130
CAN $ 1.4299
US $ 1.3127
GBP (£) 0.7921
Sw Fr 1.2076
YEN 137.6580
AUS $ 1.0766
CAN $ 1.0892
Euro 0.7618
GBP (£) 0.6034
Sw Fr 0.9199
YEN 104.8640
Gold / Silver65.85
Gold / Oil13.32
Dowjones / Gold13.40
Copper 3.150.00
WTI Oil 95.76-0.20
Nat. Gas 4.02-0.05
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Most read articles
Mary Anne & Pamela Aden - Aden Forecast
  Big Picture: Most Important 
With gold again on the decline, it's time to take a look and focus on gold's big picture. This eases a lot of doubt, especially when companies like Goldman Sachs are bearish on commodities. We'll focus on silver and palladium too. GOLD: Still looking good Looking at gold's big picture since 1968, you'll see what we mean. Chart 1A shows that gold's decline of the last few years looks small in the big picture, within the mega uptrending channel since 1968. Note that gold has had two majo
Friday, August 22, 2014
Stewart Thomson - Graceland Update
Road Sign Says: Pot Of Gold Ahead
Graceland Updates By Stewart Thomson1.A week ago, I suggested gold would likely decline from the $1300 area to about $1275 and stop there, adding bullish symmetry to an inverse head and shoulders bottom pattern.2.Please click here now. That’s the hourly bars chart for gold.It’s clear that gold declined to my targeted $1275 area “on cue”, and then surged higher early this morning.3.To view the bullish symmetry this price action created on the daily chart head and shoulders pattern, please click h
Tuesday, August 26, 2014
Six years ago today, I started this blog as a tribute to something I'd only discovered three months earlier. The fact that I'm still at it six years later speaks to the depth of the material I had only glimpsed when I started. I once started another blog on a different subject and lost interest after only a couple of months. I do tend to lose interest easily. In college, I changed majors and colleges several times, and after college I changed careers twice. Six years on one subject, for me, is r
Monday, August 25, 2014
David Jensen
Enormous Paper Silver Trading Volumes ...
Interview with Jay Taylor on August 26, 2014 discussing the Enormous paper silver trading volumes on LBMA and physical silver premia. Jay Taylor Interviews Daved Jensen MP3 Topics: 1. Continued Shanghai Gold Exchange and Shanghai Metal Exchange physical metals premia vs. LBMA/LPPM pricing: SGE Gold: $1286.29 /oz & premium of $ -0.71/oz. = -.1 % premium vs LBMA SGE Silver: $21.12 /oz & premium of $1.59 /oz. = +8.1% premium vs LBMA SME Palladium $1,031.06
Thursday, August 28, 2014
James West - Midas Letter
Why Gold and Silver Prices are Range-bound
Frustrated investors in physical gold and its derivative asset classes have fumed quietly as a mal-regulated market for counterfeit gold and silver (futures contracts, certain ETFs) leads precious metals prices around by the nose for the exclusive enrichment of an elite cadre of financial institutions. Entities such as Goldman Sachs, HSBC, Barclays, J.P. Morgan, and others are able to issue contracts deemed to represent millions of ounces of gold for future sale or purchase anonymously, and wit
Wednesday, August 27, 2014
Jeffrey Lewis
  Silver and the Unmentionables 
The purpose of a taboo is to avoid destruction. Those who do not respect the taboos of a culture endanger the cultural identity.Therefore, disregarding the taboos produces self-destruction and/or destruction.Many of you read Jeff Clark's (of Casey Research) recent piece outlining the reasons why silver prices will likely move higher. It was a great piece from an organization with great reach. But it missed the unmentionable elephant in the room. Here is a summary in all its bullish glory.http://
Sunday, August 31, 2014
Chris Powell - GATA
State Department agrees to try looking for gold records again 
Three years ago GATA more or less won its freedom-of-information lawsuit in U.S. District Court for the District of Columbia against the Board of Governors of the Federal Reserve System, in which GATA sought access to the Fed's records involving gold swaps. While the court found that most of the Fed's records involving gold swaps were exempt from disclosure under the law, GATA's initial inquiry to the Fed produced an admission that the Fed indeed has secret gold swap arrangements with foreign b
Wednesday, August 27, 2014
Mark O'Byrne -
Peak Gold? Russia To Surpass Australia As World No 2 Gold Producer
Today’s AM fix was USD 1,294.50, EUR 973.75 and GBP 777.76 ounce. Yesterday’s AM fix was was 1,300.25, EUR 973.75 and GBP 781.17 per ounce. Today’s LBMA Silver Price was USD 19.42 per ounce. Yesterday’s LBMA Silver Price was USD 19.66 per ounce. Gold and silver fell yesterday - gold fell $3 to $1,295.90 and silver fell 19 cents to $19.49 per ounce. Russian central bank acquired another 300,000 ounces worth $3.9 billion in July Gold and silver have fallen below the $1,300/oz and $20/oz levels re
Friday, August 22, 2014
Profiting from Coming QE / Debt Consequences
“Peter Schiff, CEO of Euro Pacific Capital,… recently gave a presentation of his book….The Real Crash: America’s Coming Bankruptcy – How to Save Yourself and Your Country, which warns that the next crisis will dwarf that of 2008…“Schiff reiterated a theme … that quantitative easing will never end, but the tolerance of the market for dollar-denominated assets will end and bring about the next crisis episode….”“Euro Pacific Capital’s Peter Schiff Warns of The Great Crash,”, 08/19/201
Thursday, August 28, 2014
Ty Andros - traderview
Useful Idiots and the Something For Nothing Society - Part III of IV 
The greatest man made societal and economic collapse in history is unfolding before our eyes. This Journey to the collapse of the developed world's civilization and empire began over 100 years ago during the Presidency of Woodrow Wilson with his subversion/betrayal of the constitution of the United States and creation of a privately owned banking and currency monopoly called the Federal Reserve and the creation of the income tax to fund the beginning of the Confiscationism of the pro
Saturday, August 16, 2014
Jeffrey Lewis
Out With the Old - In With the Same
The further markets become detached from reality, the greater the need for distraction. Justice is displaced by a rash of propaganda. The methods may be absurd, but they are effective.Over the summer, the big news in the world of silver has been the official end to the old (London fix) and the beginning of the new (electronic) fixing.It has been a very slow and uneventful beginning to say the least. Confusion over who would ultimately participate culminated in a great distraction from what truly
Saturday, August 23, 2014
Jesse - Le Cafe Américain
A Bond Paid For and Denominated In Gold: A Rhyme From the Past
I don't think that we have seen such a thing since the gold bonds issued in the US, which went the way of the twenty dollar gold piece in the early part of the 20th century. There is a Bloomberg story on this today that is not generally available so I do not have a link as yet. It will be added as it becomes available.  An astute reader sent it my way. Here is a link to the actual bond announcement on the JSE site. As you may recall, South Africa puts the 'S' in BRICS. Most Americans will st
Monday, August 25, 2014
Frank Shostak
Why Isn’t Monetary Pumping Helping the Economy? 
Despite all the massive monetary pumping over the past six years and the lowering of interest rates to almost zero most commentators have expressed disappointment with the pace of economic growth. For instance, the yearly rate of growth of the European Monetary Unit (EMU) real GDP fell to 0.7 percent in Q2 from 0.9 percent in the previous quarter. In Q1 2007 the yearly rate of growth stood at 3.7 percent. In Japan the yearly rate of growth of real GDP fell to 0 percent in Q2 from 2.7 percent in
Monday, August 25, 2014
Bill Murphy - Le Metropole Cafe
James C.McShirley’s comment here below is a must read. The advent of computer generated trading algorithms heralded a quantum leap forward in the quest for 24/7 control of markets. No longer were humans beings required to do such unseemly things as man trading desks or worry a whit if free markets were, if even infrequently, attempting to function.
Monday, September 01, 2014
Egon von Greyerz - Matterhorn AM
John Butler – We live in exceptional, interesting times
“The Matterhorn London Interviews – Aug 2014: John Butler” “We live in exceptional, interesting times” Video interview: In this 3rd of a series of London interviews that Lars Schall conducted for Matterhorn Asset Management this summer, Lars sits down with John Butler, CEO of Amphora Capital, and they talk about 3 of this year’s highlights in the world of international finance: 1 – the Launch of the BRICS Development Bank, 2- the Sino-Russia energy deal and 3- the Ukraine crisis. (19 minutes –
Monday, September 01, 2014
Charleston Voice
  Mine Eyes Have Seen The Glory Of Federal Tyranny! - "General Sherman has silver and gold enough to s 
~ Railroad Depot Charleston, South Carolina, 1864 ~  THE LETTER from Union Lieutenant Thomas J. Myers: Feb 26, 1865 of the Morrill Tariff "Camp near Camden, S. C. My dear wife--I have no time for particulars. We have had a glorious time in this State. Unrestricted license to burn and plunder was the order of the day.  The chivalry [meaning the Honourable & Chivalrous people of the South] have been stripped of most of their valuables. Gold watches, silver pitchers, cups, spoons, forks,
Wednesday, August 20, 2014
Keith Weiner - Monetary Metals
The Credit Gradient 
The United States, and every country, is subject to a monetary authority and legal tender laws. Here in the U.S. we have the Federal Reserve, a central bank that plans money and credit. The Fed thought they had perfected their planning (but of course it cannot be perfected). They thought they had ended the boom and bust cycle, and brought us into a brave new era, their so-called great moderation that ended in 2008. All they really did was manage the banking system to the brink of insolvency. Let
Friday, August 29, 2014
Mark O'Byrne -
New 'LBMA Silver Price' - Still Not Transparent 
Today’s LBMA silver price was USD 19.86 per ounce. Yesterday’s LBMA silver fix was USD 19.86 per ounce. Gold and silver remained in lockdown today and yesterday - gold rose a tiny $1.40 yesterday to $1,313.00/oz and silver a marginal 8 cents to $19.92/oz. Silver in US Dollars (1970 to Today) - LBMA Overnight, silver and gold in singapore were flat as they were in London prior and after the new ‘LBMA silver price’. Futures trading volume has picked up and was about average for the past 100 days
Monday, August 18, 2014
Stewart Thomson - Graceland Update
Gold 2014: The Year Of Transition
Graceland Updates By Stewart Thomson1.In any market, but especially precious metals, price pullbacks rarely proceed according to expectations.2.Most “buying opportunities” are perhaps better defined as gulags and torture chambers.Regardless, it’s almost impossible to build retained wealth without enduring a significant amount of pain, so please click here now. 3.That’s the weekly CRB general commodity index chart.I’ve suggested that 2014 is a key year of transition, away from system risk and def
Tuesday, August 19, 2014
Alasdair Macleod - Finance and Eco.
  No escape from the dollar as the currency standard 
All commodities and near-commodities are priced internationally in dollars, and the dollar is used for over 80% of cross-border trade settlements. Consequently the dollar is the base currency for all countries' foreign reserves, giving it its reserve status. However, there are now challenges to the dollar's hegemony, with Russia, China as well as the other members, dialog-partners and associates of the Shanghai Cooperation Organisation (SCO), taking deliberate steps towards doing away with the d
Sunday, August 17, 2014
Alasdair Macleod - Finance and Eco.
Market Report: Summer drift continues
Gold drifted lower this week, with the price undermined by lack of interest on low volume and a slightly more hawkish tone in the FOMC minutes released on Wednesday. The chart below, of gold and open interest on Comex, shows how the price has declined while open interest has hardly budged from its historically low level. The underlying factor has been dollar strength rather than gold's weakness. Since last Friday the dollar has risen nearly 1% against the euro and pound and 1½% against the yen;
Monday, August 25, 2014
Jim Willie CB - Hat Trick Letter
Hidden Factors to Systemic Failure
The most amusing question asked of the Jackass by clients and other people is when the system is going to break down. My usual answer is 2008, which causes a strange reaction, since a past date. Then they are given a tactful tongue lashing that they have failed to notice, detect, or discern properly the failed system in front of their noses. Further quizzical looks and pleas for explanation bring a torrent of headline facts. Seeing events through a different lens of statistical reality with almo
Saturday, July 05, 2014
Nathan Lewis - New World Economics
Book Review: Steve Forbes Leads the New Renaissance in Monetary Understanding 
People who have followed Steve Forbes’ “Fact & Comment” have long noted his advocacy for the Classical, gold-based monetary approach the United States used before 1971. But, what most people probably did not know is the depth and breadth of Forbes’ understanding of this fundamental topic. Steve Forbes has one of the best monetary minds in the U.S. today – towering above today’s academics and money bureaucrats, including central bankers, whose collective incompete
Wednesday, June 04, 2014
Jay Taylor - Kitco
Long Dated U.S. Treasuries, Government Debt, and Gold

Friday, August 29, 2014
Peter Schiff - Euro Pacific Capital
Gold Videocast: Jim Rickards & Peter Schiff on Gold & Currency Wars
In his latest Gold Videocast, Peter Schiff meets with Jim Rickards, author of The Death of Money, for an exclusive interview about gold?s role in the international currency wars.Jim Rickards is Chief Global Strategist at the West Shore Funds, and Director of The James Rickards Project, an inquiry into the complex dynamics of geopolitics + global capital. In The Death of Money, Rickards shows why another monetary system collapse is rapidly approaching ? and why this time, nothing less than the in
Wednesday, August 13, 2014
Adam Hamilton - Zealllc
Gold's Strong Season Starts
Gold?s strong season is just getting underway, with this metal?s summer-doldrums seasonal low in place.The past couple months? stiff headwinds are starting to shift to fierce tailwinds, thanks to Asian demand ramping up heading into autumn.Gold?s pronounced seasonality is very important for all investors and speculators to understand, as today?s inflection point is a very bullish omen for this still-unloved asset.Gold seasonality is somewhat counterintuitive, with its mined supply essentially co
Thursday, July 31, 2014
Jesse - Le Cafe Américain
We Are Still In a Financial Crime Wave 
In his recent column The Opposite of Stagflation Paul Krugman says that: "One of the truly amazing (and disheartening) things about the Great Recession and its aftermath has been the continuing insistence of many economists that it’s somehow a supply-side slump, driven by the evils of Obamacare or something. This tends to come from people who view stagflation in the 1970s as having permanently refuted all things Keynes. So I guess it’s worth pointing out repeatedly
Sunday, August 10, 2014
Chris Martenson
On the Path To War 
The US is clearly now pushing Russia towards war. But if you read the signs correctly, Russia has been preparing for exactly this outcome for many years. Out of several reasons that US power brokers specifically -- but western power brokers more generally -- are deeply unhappy with Russia right now is that Russia is committing a cardinal sin: it is openly, brazenly calling for an end to dollar dominance and has moved aggressively with China to achieve that aim. No oil-rich country that has tried
Tuesday, August 12, 2014
Nathan Lewis - New World Economics
Gold Holdings of Central Banks and Governments 2: The Larger View, 1850-2000
We've been looking at some history of the gold holdings of central banks and governments. August 10, 2014: Gold Holdings of Central Banks and Governments, 1913-1941 August 3, 2014: The Reichsbank, 1924-1941 July 27, 2014: The Bank of France, 1914-1941 July 20, 2014: The Bank of England, 1914-1941 July 18, 2014: Foreign Exchange Rates 1913-1941 #8: A Brief Summary June 22, 2014: Forei
Thursday, August 14, 2014
Jeffrey Lewis
Monetary Versus Political Stability - When Day Turns into Night
Wherever plunder is less burdensome than labor, it prevails; and neither religion nor morality can, in this case, prevent it from prevailing.- From Bastiat's "The Law"Representing all things big, institutional investors believe there is no inflation.The market "behaves" as if there is none. This undercuts value at risk.But reality is very different. Across the board, price is determined by a broken system fueled by an unsound economy. (The developing Ebola pandemic may serve as an example and a
Tuesday, August 19, 2014