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PRECIOUS METALS (US $)
Gold 1230.900.34
Silver 17.17-0.02
Platinum 1243.50-2.00
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Most read articles
Stewart Thomson - Graceland Update
Rate Hikes & Gold
Graceland Updates By Stewart Thomson1.While all “systems are go” for the precious metals sector, or at least appear that way, things are substantially more questionable for the world’s stock, bond, and real estate markets.2.India’s top central banker, Raghuram Rajan, is highly educated, in both engineering and economics.He’s one of the smartest practical economists in the world, and the only central banker to have predicted the 2008 super-crisis.3.Ominously, he’s the only central banker now, iss
Tuesday, October 21, 2014
Jeffrey Lewis
The BIS Paves the Way for Silver and Gold
Behind the scenes (or rather, behind the curtain of propaganda) the most influential of the banking class is sending out smoke signals. The Bank for International Settlements (BIS), which is the bank for central banks, has telegraphed the next major world financial downturn. As if you could not see it coming. Recently, the Bank for International Settlement (BIS) warns of 'violent' reversal of global markets.“Investors take zero-rates for granted and unwisely believe that central banks will prote
Saturday, October 25, 2014
Dan Popescu - GoldBroker
How Much Gold is on Loan Worldwide
We can’t speak about the manipulation of the gold price today without understanding the derivatives market. Right after the crash of 2000 in the stock market I became alarmed by the exponential increase of derivative products but especially by the complexity of those products. I am sure that if I asked one of those financial engineers who has designed those products to explain their functioning and consequences in a bear market or, better yet, in a crash, he would be incapable. We are familiar w
Friday, October 24, 2014
Jesse - Le Cafe Américain
US Dollar Valued In Gold Since 1718 
How many ounces of gold can $1000 buy? The answer over time is instructive. Here is some knowledge about money. It is remarkable how few economists really understand this, and what it means, what it implies.  Here is Paul Krugman's opinion on the currency war and the US dollar in a recent piece called Godwin and the Greenback.    I think it speaks for itself.    And he is certainly not the worst economic voice out there, which is what makes this so disconcerting.   At least he is not an aus
Saturday, October 25, 2014
Jeffrey Lewis
The Countdown to Truth
“The truth is incontrovertible. Malice may attack it, ignorance may deride it, but in the end, there it is.”-Winston ChurchillLet’s take a look at this quote in the context of physical silver. I don't think it's going out a limb to say that physical silver represents a type of financial truth. The truth is incontrovertible.in·con·tro·vert·i·bleˌinkäntrəˈvərdəb(ə)l/adjectivenot able to be denied or disputed.” incontrovertible proof"synonyms: indisputable, incontestable, undeniable, irrefutable, u
Saturday, October 18, 2014
Nathan Lewis - New World Economics
  Russia's Currency Crisis: This Is So 2008!
http://www.forbes.com/sites/nathanlewis/2014/10/16/russias-currency-crisis-this-is-so-2008/ Are you getting that “it’s kinda like 2008 again” feeling? I am! In November of 2008, the Russian ruble was collapsing vs. the dollar, the Russian central bank was intervening in the foreign exchange market, Russian interest rates had risen to high levels, and I was writing an op-ed about it. Here’s what I wrote in 2008: On the surface, it appears that
Sunday, October 19, 2014
Nathan Lewis - New World Economics
A Brief History of World Currencies, 1949-2014
Here's something you don't see everyday: a look at all the currencies in the world, from 1949 to 2014. We looked at currencies during the 1914-1941 period earlier this year: July 18, 2014: Foreign Exchange Rates 1913-1941 #8: A Brief Summary June 22, 2014: Foreign Exchange Rates 1913-1941 #7: Switzerland's Independence; Turkey Avoids Devaluation June
Monday, October 20, 2014
Jeffrey Lewis
Perpetual Debt Slavery 
There is an unspoken difference between debt that is designed to be paid back and debt (disguised as perpetual flow) to finance pre-existing streams of debt service. The second type of debt is a Ponzi large enough to make Bernie Madoff blush.  And crash the system. In the current system, debt is money for nothing used to create asset bubbles. Including the equity lift-off we see today. Giving rise to the pump and dump scams that are very much alive and well.As Zerohedge captured the essence: "To
Tuesday, October 21, 2014
Stewart Thomson - Graceland Update
Gold Surges While Stock Markets Implode 
Graceland Updates By Stewart Thomson1.It’s the dawn of another day, in the worst month of global stock market “crash season”.Long ago, I defined global stock market crash season as the August 7th to October 31st timeframe.2.Investors who fail to exit general equity market positions by August 7th each year take the reckless risk of watching most of their holdings get completely destroyed.3.That’s because history’s greatest stock market crashes, including the 1929 wipeout, have occurred in the mon
Tuesday, October 14, 2014
Ron Paul
  The Real Status of Forces in Afghanistan and Iraq 
After 13 years of war in Afghanistan - the longest in US history - the US government has achieved no victory. Afghanistan is in chaos and would collapse completely without regular infusions of US money. The war has been a failure, but Washington will not admit it. More than 2,000 US fighters have been killed in the 13 year Afghan war. More than 20,000 Afghan civilians were also killed. According to a study last year by a Harvard University researcher, the wars in Iraq and Afghanistan w
Thursday, October 09, 2014
Jeffrey Lewis
Just Blame the Banks
“I think this is a time where people will look back on us and see it as a period of practically central bank worship.”- Jim GrantCentral bank equals big private-publicly owned banks. The populace still holds a collective deference for the banks. The view that the political financial alliance is the problem is still a rare one. Always one step from conspiracy."It is well enough that people or the nation do not understand our banking and monetary system for it they did, I believe that there would
Tuesday, October 14, 2014
Nathan Lewis - New World Economics
Taxes on Capital and Capital Accumulation
An economy is, fundamentally, a physical thing. We create goods and services. We don't create "money." Money, and all the associated contracts such as debt, equity, and so forth, are really ways of organizing human activity to produce goods and services. Today, in the industrialized economy, we have enormous investments in capital. "Capital" is, fundamentally, the creation of a thing that helps to create goods and services. Actually, it doesn't even have to be in
Tuesday, October 14, 2014
Ron Paul
  Scottish Referendum Gives Reasons to be Hopeful 
Even though it ultimately failed at the ballot box, the recent campaign for Scottish independence should cheer supporters of the numerous secession movements springing up around the globe. In the weeks leading up to the referendum, it appeared that the people of Scotland were poised to vote to secede from the United Kingdom. Defeating the referendum required British political elites to co-opt secession forces by promising greater self-rule for Scotland, as well as launching a massive c
Monday, September 29, 2014
Nathan Lewis - New World Economics
A Brief History of Global "Inflation," 1949-2013
We're following up our brief history of world currencies in the postwar period: October 19, 2014: A Brief History of World Currencies, 1949-2014 This week, we look at similar data from the IMF, namely, the IMF's official CPI info for the same time period. Here it is: Click here for global CPI "inflation" data, 1949-2013 Here we see the change in the official CPI for each country, compared to a year earlier. Increases in the CPI of l
Saturday, October 25, 2014
Julian D. W. Phillips - Gold Forecaster
Of course the Gold Price is manipulated, that’s the point! 
By Julian D. W. PhillipsThroughout history, there have been a constant flow of schemes to try to manipulate the gold price and gold itself in terms of paper money. These have come from governments, institutions as well as from individuals. The aim has always been to either establish the value of currencies or enhance that value in terms of gold. The first key to this is to ensure that the gold price is made in the paper currency and not the price of the paper currency in gold.At school you proba
Friday, September 05, 2014
Steve Saville - Speculative Investor
Future “inflation” and the Fed’s madness
Prior to 2002 the Fed would tighten monetary policy in reaction to outward signs of rising "price inflation" and loosen monetary policy in reaction to outward signs of falling "price inflation", but beginning in 2002 the Fed became far more biased towards loose monetary policy. This bias is now so great that it seems as if the Fed has become permanently loose.The following chart comparing the Fed Funds Rate (FFR) target set by the Fed with the Future Inflation Gauge (FIG) clearly illustrates the
Wednesday, August 13, 2014
Nathan Lewis - New World Economics
  Dozens of Countries Have Already Kicked the Fiat Currency Habit 
It might seem that today we are deeply devoted to the Mercantilist paradigm in monetary affairs: the notion of a floating fiat currency managed by a panel of bureaucrats, to address an ever-changing menu of issues including unemployment, exchange rates, financial markets, government funding, and the interests of one group or another. Some people call this the Soft Money paradigm, characterized by the “Rule of Man.” But, I think it is important that quite a few go
Tuesday, October 07, 2014
Sam Kirtley - Sk Options Trading
  Why ECB QE Is Bearish For Gold Prices 
The recent action by the ECB appears to have caught many gold bulls off guard. A common interpretation of the impact that a potential quantitative easing program would have on gold prices was that it would be very bullish. This argument was based on the concept that money printing is bullish for gold, and that QE1 and QE2 by the Fed triggered major rallies in the yellow metal. Whilst we do not dispute that QE1 and QE2 by the Fed were indeed bullish for gold, we strongly disagreed that the ECB wo
Tuesday, September 16, 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
Jesse - Le Cafe Américain
Statism is Relativism With Reference Only To Itself 
"If relativism signifies contempt for fixed categories and those who claim to be the bearers of objective immortal truth, then there is nothing more relativistic than Fascist attitudes and activity. From the fact that all ideologies are of equal value, we Fascists conclude that we have the right to create our own ideology and to enforce it with all the energy of which we are capable. ” Benito Mussolini, Diuturna That philosophy described by Benito is fiat with a capital '
Thursday, August 28, 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
Ty Andros - traderview
  Useful Idiots and the Something For Nothing Society - Part I of IV 
This is part II of IV of Useful Idiots and The Something for Nothing Society. In part I, we covered the beginning of the evolution from a capitalist constitutional republic during Teddy Roosevelt's presidency a century ago into the progressive socialist state we have become today. This transformation has taken over a century and has been implemented in such an incremental manner as to be mostly imperceptible to the public at large. It began with the creation of the Federal Reserve
Friday, August 01, 2014
Dan Popescu - GoldBroker
The Calm Before the Storm in the Gold Market
US Dollar Index vs Spot Gold Again this week the gold price tested the $1,200 level dropping below it on higher US dollar against most fiat currencies. It is assumed that a stronger US dollar against the euro and other fiat currencies is also negative for the price of gold. However gold is not a hedge against the US dollar but rather against all fiat currencies. Even though gold’s price has been falling, in India and China gold premiums have increased signifying a rising demand. We have als
Wednesday, October 08, 2014
Frank Shostak
Inflation's Not the Only Way Easy Money Destroys Wealth 
The US Federal Reserve can keep stimulating the US economy because inflation is posing little threat, Federal Reserve Bank of Minneapolis President Kocherlakota said. “I am expecting an inflation rate to run below two percent for the next four years, through 2018,” he said. “That means there is more room for monetary policy to be helpful in terms of … boosting demand without running up against generating too much inflation.” The yearly rate of growth of the official consumer price index (CPI) s
Tuesday, October 07, 2014
Frank Shostak
Is the Surge in Capital Goods Orders Due to Malinvestment?
Orders for US non-military capital goods excluding aircraft rose by 0.6 percent in August after a 0.2 percent decline in July to stand at $73.2 billion. Observe that after closing at $48 billion in May 2009, capital goods orders have been trending up. Most commentators regard this strengthening as evidence that companies are investing both in the replacement of existing capital goods and in new capital goods in order to expand their growth. Responding to Markets or the Central Ban
Wednesday, October 15, 2014
Deepcaster
Profitable Investing in Essential Resources NOW
When considering investing in Essential Resources it is important to determine not only which of these have relatively inelastic Demand but also those which have Relatively inelastic Supply. Now is a time of Great Opportunity for Investing in certain (but not all!) Key Resources, because certain Key Resources are NOW available at Bargain Basement Prices.The Key to Picking which ones is to focus on the Big Picture for a particular Resource, an Important Deepcaster Focus.As well, it is important t
Friday, October 10, 2014
Tom DiLorenzo - lewRockwell
  The American Religion of Violence 
Laurence Vance has coined the word “warvangelical” to describe so-called evangelical Christians who are obsessed with supporting all of the state’s wars and all of the death, destruction, and mayhem that they entail.  They ignore the ancient just war tradition of St. Thomas Aquinas, among others, and simply support all war and all military aggression – as long as the U.S. government is the aggressor. These are the people who booed at Ron Paul when he reminded them at one of their conventions tha
Sunday, July 27, 2014
Nathan Lewis - New World Economics
The Bank of France, 1914-1941
We continue our look at central banks in the 1914-1941 period. July 20, 2014: The Bank of England, 1914-1941 July 18, 2014: Foreign Exchange Rates 1913-1941 #8: A Brief Summary January 19, 2014: The Federal Reserve in the 1930s January 26, 2014: The Federal Reserve in the 1930s #2: Interest Rates The source of our data is the Federal Re
Wednesday, July 30, 2014
Nathan Lewis - New World Economics
The Bank of England, 1914-1941
Today we are looking at the balance sheet of the Bank of England, 1914-1941. The source of the data is the Federal Reserve's Banking and Monetary Statistics, 1914-1941, available here: http://fraser.stlouisfed.org/publication/?pid=38 This follows our investigation of the Federal Reserve during the same time period. January 19, 2014: The Federal Reserve in the 1930s January
Saturday, July 26, 2014
Mark O'Byrne - gold.ie
3 Important Gold Charts - Transparent Holdings Fall As Bullion Goes East To Russia and China
3 Important Gold Charts - Transparent Holdings Fall As Bullion Goes East To Russia and China Chart 1: Changes in Holdings (millions of oz) vs Gold Price Nick Laird of www.ShareLynx.com has compiled some great new charts on the transparency of public gold holdings over time. The charts were emailed to us Monday night. Sharelynx.com is one of the internet’s most comprehensive sources for market related charts and is well worth the subscription. The charts are very illuminating and provide great i
Thursday, September 04, 2014

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