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Top rated articles
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
Charleston Voice
Gold Standards: True and False | Joseph T. Salerno
Published on Jul 29, 2014 Archived from the live broadcast, this Mises University lecture was presented at the Mises Institute in Auburn, Alabama, on 25 July 2014.
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
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
Scott Silva - The Gold Speculator
  Frankenstein Fed, The Modern Prometheus
By Scott SilvaIf Mary Shelly were around today, she might have a cause of action against the Federal Reserve for copyright infringement. The Fed has stolen the storyline Shelly’s 1818 gothic novel, Frankenstein, The Modern Prometheus. The case against the Fed’s criminal usurpation of intellectual property is strong; any schoolboy would see the obvious plagiarism, including the plot, the central characters, and even some of the dialog of the original science fiction horror story. Here is a summar
Wednesday, September 03, 2014
Clive Maund
Gold Market Update 
Gold and silver are at a critical juncture ? either they break down to new lows soon or a major new uptrend is about to start. Which is it? ? while we cannot be 100% sure either way, we can certainly attempt to figure which way they are likely to break. Gold and silver are at a critical juncture ? either they break down to new lows soon or a major new uptrend is about to start. Which is it? ? while we cannot be 100% sure either way, we can certainly attempt to figure which way they are likely
Tuesday, September 02, 2014
Bill Murphy - Le Metropole Cafe
The MOAMOPE
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
Frank Shostak
The Yield Curve and Our Weakened Economy
So far in August the differential between the yield on the 10-year Treasury note and the yield on the 3-month Treasury bill stands at 2.38 percent against 2.95 percent in December 2013. Historically, the yield differential on average has led the yearly rate of growth of industrial production by fourteen months. This raises the likelihood that the growth momentum of industrial production will ease in the months ahead, all other things being equal. It is generally held that the shape of the
Monday, September 01, 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
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
Clive Maund
  Will the US succeed in breaking Russia to maintain dollar hegemony?... 
In Why they are making an enemy of Russia? we looked at two of the key reasons why the US is making an enemy of Russia, namely the promotion of conflict by the powerful Defense industry lobby in order to keep its order books full, and the value of conjuring up an external enemy as a hate figure for the masses, in order to take the heat off the government. In this article we are going to look at what is arguably an even bigger reason, that was largely omitted in the earlier article, which is that
Tuesday, August 26, 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
Mark O'Byrne - gold.ie
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
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
Dan Popescu - GoldBroker
Interview with Ronald-Peter Stöferle: Monetary Tectonics and Gold
My exclusive interview with Ronald-Peter Stöferle, Incrementum Liechtenstein AG, co-author of the In Gold we Trust 2014 report. “We are currently on a journey to the outer reaches of the monetary universe. We believe that the monetary experiments currently underway will have numerous unintended consequences, the extent of which is difficult to gauge today. Gold, as the antagonist of unbacked paper currencies, remains an excellent hedge against rising price inflation and worst-case scenarios. T
Thursday, August 14, 2014
Keith Weiner - Monetary Metals
How Can the State Bank of India Pay Interest in Gold?
An article caught my eye this week. The Tirumala Tirupati Temple in India has deposited gold at the State Bank of India, and is getting paid interest on their deposit. There is something unique about this. The interest is paid in gold. To understand why no one else is paying interest in gold, let’s first look at how one can use any asset class to make a dollar income: speculation. Buy something. Wait. Sell it at a higher price. You can use bonds, stocks, real estate, artwork, or classic Ferraris
Thursday, August 14, 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
Stewart Thomson - Graceland Update
Bullion Banks: Unexpected Allies
Graceland Updates By Stewart Thomson1.Most investors buy gold because they are nervous about the financial system, government debt/bureaucracy, central bank money printing, and dangerous geopolitical developments.In a nutshell, that’s the “fear trade” for gold.2.The fear trade is a great reason to own a core position in gold now, and forever.Gold should be the first item bought in any investment portfolio.That’s because lowest risk assets must be bought first, not the ones that appear to offer t
Tuesday, August 12, 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
Ron Paul
US Sanctions on Russia May Sink the Dollar 
The US government's decision to apply more sanctions on Russia is a grave mistake and will only escalate an already tense situation, ultimately harming the US economy itself. While the effect of sanctions on the dollar may not be appreciated in the short term, in the long run these sanctions are just another step toward the dollar's eventual demise as the world's reserve currency. Not only is the US sanctioning Russian banks and companies, but it also is trying to strong-arm
Monday, August 11, 2014
Dan Popescu - GoldBroker
Gold and Silver - The Eternal Monetary Couple
Roy W. Jastram, in his book, The Golden Constant, says, “When we go so far back into price history as I do here we are like the archeologist. We nurse together the evidence that has survived with as much test of its validity as is available to us. Statistics, like archeology, is an inexact science when practiced on numbers that are remote and fragmentary.”(1) This should always be kept in mind when analyzing economic data of any kind. Just when they announced the end of gold and silver in 2000,
Monday, August 11, 2014
Jordan Roy Byrne - The Daily Gold
Miners Next Move: Breakout or Breakdown? 
We've been very bullish on the miners since January but became concerned recently with the poor technical action in the metals (specifically Gold). Last month the mining indices were very close to a major breakout yet couldn't punch through. This signaled that Gold could begin a deeper decline and the miners would be vulnerable. However, Gold failed to break below $1280 while the miners have continued to digest their early summer gains and hold support. In addition, Gold
Sunday, August 10, 2014
Michael J. Kosares - USA Gold
The Gold Owners’ Guide to the Rest of 2014 
Over the next few weeks, I will make a series of posts on the current state of affairs as they relate to the gold market. So stay tuned to this page. . . . . Let me start the proceedings with this — a repast on the nature of the human predicament 2014. Below is a follow-up to Richard Russell’s stated concerns (scroll below) onthe persistence of war and inflation in human affairs.
Monday, August 04, 2014

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