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PRECIOUS METALS (US $)
Gold 1164.59-34.01
Silver 15.92-0.56
Platinum 1224.70-13.60
Palladium 781.255.35
WORLD MARKETS
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NASDAQ 462559
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CURRENCIES ($)
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YEN 112.2780
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Gold / Silver73.15
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Dowjones / Gold14.90
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Top rated articles
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
Frank Shostak
The Fed’s New Labor-Market Measure
Economists at the Federal Reserve have devised a new indicator, which they hold will enable US central bank policymakers to get better information regarding the state of the labor market. The metric is labeled as the Labor Market Conditions Index (LMCI). Note that one of the key data points Fed policymakers are paying attention to is the labor market. The state of this market dictates the type of monetary policy that is going to be implemented. Fed policymakers are of the view that it is the
Tuesday, October 21, 2014
Steve Saville - Speculative Investor
Why is gold mining such a crappy business? 
That gold mining has generally been a crappy long-term investment for almost five decades is evidenced by the following chart. The chart, much of the data for which were provided by Nick Laird of www.sharelynx.com, shows the ratio of the Barrons Gold Mining Index (BGMI) and the US$ gold price from 1920 through to the present*. More specifically, it shows that, relative to gold bullion, the group of gold-mining stocks represented by the BGMI has been in a secular decline since 1968 and is now clo
Monday, October 20, 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
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
Jeff Thomas - Casey Reseach
I Owe My Soul—Why Negative Interest Rates Are Only the First Step 
In 1946, an American singer, Merle Travis, recorded a song called "Sixteen Tons." The song told the story of a poor coal miner in Kentucky, who lived in a small coal mining town. The town's economy revolved entirely around the mine.c The mining company owned a "company store," which had a monopoly on the sale of provisions. It charged rates that were designed to use up the weekly paycheque of the miner, so that the miner, in effect, was a slave to the mining company. As the song states, You
Thursday, October 02, 2014
Steve Saville - Speculative Investor
  Gold vs Silver during Precious-Metals Bull Markets 
It is widely believed that silver outperforms gold during bull markets for these metals, but that's only partially true. It's true that silver tends to achieve a greater percentage gain than gold from bull-market start to bull-market end. It's also the case that silver tends to do better during the final year of a cyclical bull market and during the late stages of the intermediate-term rallies that happen within cyclical bull markets. However, the early stages of gold-silver bull markets tend to
Wednesday, October 01, 2014
Jeffrey Lewis
Truth, Consequences, and Confiscations 
I think it's normal to have doubts - especially in rigged markets like this. Stockholm Syndrome creeps in and we begin questioning everything. Commenting on these markets over the last decade, I often wonder how long they can keep it all together. The entire house of cards has stood up much longer than anyone has expected. The next wave of investors will likely go through the almost reflexive reach for derivatives first. New investors, or would be long term holders, simply have an aversion and a
Tuesday, September 30, 2014
Egon von Greyerz - Matterhorn AM
The Financial Crisis is mainly an Energy problem
THE MATTERHORN INTERVIEW: Maarten van Mourik – September 2014 “The financial crisis is only partly financial but mainly an energy problem” Dutch economist / oil analyst Maarten van Mourik examines in this exclusive interview the link between gold and oil; important taboos in economics; the USA vs. Europe; the dilemma with our energy-driven monetary system; and last but not least the reason why “peak oil will be here, no matter how much of the stuff is in the ground.” By Lars Schall Lars Schall:
Monday, September 29, 2014
John Rubino - Dollar Collapse
Does Surging Demand For Gold and Silver Coins Signal a Bottom? 
Reports of individuals snapping up near-record numbers of gold and silver coins are coming in from around the world: U.S. Mint American Eagle gold coin sales set to rise sharply in Sept (Reuters) - The U.S. Mint has sold nearly 50,000 ounces of American Eagle gold coins so far in September, almost double its total in August, as a sharp pullback in gold prices and geopolitical tensions boosted interest for physical products from retail investors. With only six busines
Monday, September 29, 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
"The Fate of Empires," by Sir John Glubb
A friend sent me this lovely piece, which originally appeared as an article in Blackwood's Magazine in 1976. It is brief, but has a lot of wonderful material and interpretation. Glubb was a military man, in the gentlemanly tradition of the British Empire, born in 1897 and commander of the Jordan Arab Legion from 1939 to 1956. After retirement, he published at least seventeen books. I find the point of view here quite wonderful, as it is from a practical man of action
Sunday, September 28, 2014
Jeffrey Lewis
Selling the Family Silver 
Purchasing and securing precious metals is easy. It's like stepping out of the river where you can see the mainstream headed for the big waterfall. Figuring out when to jump back in the river and bring it back into the system is a whole other challenge. Some of the basic rules of investing to live by (that go along with cheap options with low downside and infinite upside), include: Return of Investment matters more than Return on Investment.Never forget or ignore the laws of unintended consequen
Saturday, September 27, 2014
Jesse - Le Cafe Américain
  Gold Daily and Silver Weekly Charts - It May Be Protracted, But It Is an Endgame Nonetheless 
One of the more significant things that I have seen so far this year is independent confirmation from a credible source that there is price rigging in the silver markets, and that this knowledge is being suppressed by the mainstream media in the US. You can read about that here. I think the fact, given all the rigging scandals from Madoff to LIBOR, that there are major mainstream publications which will refuse to run an article showing evidence of rigging in the silver markets from a credibl
Saturday, September 27, 2014
Keith Weiner - Monetary Metals
A Monetary Cancer Metastasizes in Europe 
The European Central Bank again cut the interest rates it controls. Notably, the deposit rate was moved deeper into negative territory. It is now -0.2% (minus 20 basis points, that is not a typo). The ECB says it’s trying to nudge prices higher, but it’s actually feeding the cancer of falling interest. The linked article above, like most, is focused on the quantity of euros and the presumed direct relationship to price. The following bit of editorializing from that article is uncontroversial in
Thursday, September 25, 2014
Hugo Salinas Price - Plata.com
Richard Cantillon and Fiat Money 
Richard Cantillon is worth remembering. An Irishman, Cantillon was born in 1680 and died in 1734. He went into banking in Paris and witnessed the rise and fall of John Law’s huge speculative business in all its glory, which ruined France. The business included saving the finances of the French Crown with a mythical investment in Louisiana, combined with the right to issue fiat money which the Regent of France granted to Law’s company. Cantillon was a man of extraordinary intelligence. He detecte
Tuesday, September 23, 2014
Julian D. W. Phillips - Gold Forecaster
Of course the Gold Price is manipulated, that's the point! - The "London Gold Pool" - 1961 to 1968 
By the beginning of the 1960s, the U.S.$ 35 = 1 oz. Gold price was becoming more and more difficult to sustain. Gold demand was rising and U.S. Gold reserves were falling, both as a result of the ever increasing trade deficits which the U.S. continued to run with the rest of the world. Shortly after President Kennedy was Inaugurated in January 1961, and to combat this situation, newly-appointed Undersecretary of the Treasury Robert Roosa suggested that the U.S. and Europe
Saturday, September 20, 2014
Jesse - Le Cafe Américain
The Divergence Between Debt and Gold 
There is little doubt that gold is 'money' in the de facto, if not official, sense. It has been so for at least two thousands years, if not longer. In a policy regime in which the Western central banks wish to quietly devalue their currencies in concert, it would be awkward to allow gold to speak embarrassing truths. I would like to think that now, unlike ten years ago before almost every market was shown to be manipulated and sometimes on a global scale, that a concerted effort to discredit
Friday, September 19, 2014
Gordon Long - Market Analytics
The Financial Repression Authority with Special Guest Ronald-Peter S
Financial repression always consists of a combination of different measures, which lead to a significant narrowing of the universe of investable assets for investors. Money which in a more liberal investment environment would have flowed into other asset classes, is channeled in a different direction. The goal of financial repression is an indirect reduction of government debt by means of the targeted manipulation of the cost of government debt, most of the time accompanied by steady inflation."
Wednesday, September 17, 2014
Michael S. Rozeff - Lew Rockwell
  The US Ambition To Rule the World 
The current hegemonic ambitions of the U.S. government go back to the heavy influence of neoconservative thought that began to be expressed during the Clinton administration. The neocons realized that the U.S. was the sole remaining superpower and they aimed for the U.S. to achieve global hegemony with power as a foundation. Hegemony requires a military component and the U.S. government had it. What is more natural, thought the neocons, than for the U.S. to build up its global hegemony with its
Tuesday, September 16, 2014
Jeff Clark - Casey Research
  Survey Results: Readers’ Thoughts on Whether to Hold, Fold, or Be Bold
Below is a representative sample of the responses to the question: "Should we Hold, Fold, or Be Bold with Gold?" We'll start with Fold, as it's the smallest group, then Bold because it's the most fun, and close with Hold, because that's the largest group, and we wouldn't want anyone to feel guilty if they don’t get to the bottom. FOLD Doug
Tuesday, September 16, 2014
Richard Mills - Ahead of the Herd
  A Dog’s Life
Disregard disease (Ebola), rising sea levels, simmering religious tensions, the potential for wars over resources. Disregard financial calamity, malfunctioning governments and lying sleazebag politicians leading us down the garden path. Is Europe going to be Balkanized? Is it to be inflation, disinflation, deflation or stagflation? Nothing important, to me anyway, seems to matter much anymore. The herd’s got other things on its mind. Justin Bieber got thrown into jail, Oprah’s fat, Jennif
Sunday, September 14, 2014
Jeffrey Lewis
  Will The Real Silver Commercials Stand Up?
One of the more persistent flaws in the world's most important price discovery mechanism comes down to a simple question. How did it come to pass that banks were given access to the commercial category of traders?It's a given that the market is rigged to high heaven. And it’s completely obvious by now how it is accomplished. They only folks left in denial about it have a direct incentive for ignoring it - usually an obvious one. The nature of the players should tell one all they really need to k
Saturday, September 13, 2014
David Bond - Wallace Street Journal
Saturday, Sept. 13, would have been Robert Dwayne Hopper's 75th birthday 
For those new here, or with short-term memories, Robert Hopper was owner and managing partner of the legendary Bunker Hill Mine in Kellogg, Idaho, from 1990 until his death in January 2011. He was an Elk, a Mason, a self-educated genius, and my dearest friend. We met by happenstance in 1999 when a former colleague from the Coeur d'Alene Press who was working on the Milo Creek flood control project told me of this guy who had bought Bunker Hill, was making colloidal silver, and had just put the lie to the whole EPA Superfund fiasco in the Coeur d'Alene River Basin.
Saturday, September 13, 2014
Jeff Clark - Casey Research
  Hold, Fold, or Be Bold?
Question: What’s the best way to determine if Prozac works? Answer: Look at your gold portfolio. I read about two dozen articles last Thursday about the gold market, and not one of them had anything positive to say. Technical analysts, mainstream economists, industry analysts—all were bearish for various reasons and timeframes. Why invest in gold when… We’re repeatedly told the economy is improving—and basic data like falling unemployment and rising GDP appear to confirm it The
Thursday, September 11, 2014
Ron Paul
  Nixon's Vindication 
Forty years ago many Americans celebrated the demise of the imperial presidency with the resignation of Richard Nixon. Today it is clear they celebrated too soon. Nixon's view of presidential powers, summed up in his infamous statement that, "when the president does it that means it is not illegal," is embraced by the majority of the political class. In fact, the last two presidents have abused their power in ways that would have made Nixon blush. For example, Nixon's abuse of the Inte
Monday, September 08, 2014
Alasdair Macleod - Finance and Eco.
A difficult question
In a radio interview recently* I was asked a question to which I could not easily give a satisfactory reply: if the gold market is rigged, why does it matter? I have no problem delivering a comprehensive answer based on a sound aprioristic analysis of how rigging markets distorts the basis of economic calculation and why a properly functioning gold market is central to all other financial prices. The difficulty is in answering the question in terms the listeners understand, bearing in mind I was
Saturday, September 06, 2014
Jordan Roy Byrne - The Daily Gold
Strong Reversal Augurs for Rough September
In recent weeks we wrote about the ongoing consolidation in precious metals miners. We touched on the history of September, not as a bullish month but as an important inflection point. With the miners holding up well and Gold still holding its lows we thought a breakout could be coming. Yet we've been whipsawed before. Several times over the past year (and as recently as late July) we've written about the possibility of a final low in Gold to precede the next impulsive advance in the
Friday, September 05, 2014
Ty Andros - traderview
Useful Idiots and the Something For Nothing Society - Part V of V 
In this final chapter of Useful Idiots and the Something for Nothing society, we show the final elements leading to the societal and economic collapse that we are currently caught in. The system I have outlined here and in previous chapters is INSANE when viewed through the lens of history. Unfortunately, our leaders and our society have forgotten it and, therefore, we are doomed to repeat it. Nothing will stop it and very little can be done to slow it down. You must embrace it, ackn
Friday, September 05, 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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