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PRECIOUS METALS (US $)
Gold 1174.74-23.86
Silver 16.08-0.40
Platinum 1229.30-9.00
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Latest comments
 
overtheedge - 10/31/2014 at 2:38 AM GMT
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  ECB Stress Test Results Show Banks Struggling
 - Philippe Herlin - GoldBroker
Excellent catch. Thanks. Consider the question from between these lines: "European banks hold 880 billion euros worth of bad or doubtful loans (e.g. at least 90 days late for payment), and this number represents 4% of their balance sheets. " 4% is 1/25th 880 billion X 25 = 22,000 billion euros Gotta subtract the reserves ~ 4% or 880 billion for 21,120 billion euros. Consider this:(e.g. at least 90 day  
 
jb3415 - 10/30/2014 at 12:26 AM GMT
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  The Fed is Absolutely Terrified of Something… What Is It?
 - Phoenix Capital - Gains Pains & Capital
a lot of people are going to be taking it hard from the back.... 
 
SNAFU - 10/29/2014 at 9:04 PM GMT
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  James Turk - 2 Key Charts, Gold & The Destruction Of Money  (3)
 - James Turk - Goldmoney
As long as anyone believes it, you can pull the trick.  
  1  0  Rating :  1 
 
OneTinSoldier66 - 10/29/2014 at 7:18 PM GMT
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  James Turk - 2 Key Charts, Gold & The Destruction Of Money  (3)
 - James Turk - Goldmoney
The issue is using gold as money. When that's the issue you don't sit there and go, gee, where are we going to get the money? When it comes to deciding to start using gold as money, you either sh.t, or you get off the pot. Lead, follow, or get the hell outta the way! 
 
OneTinSoldier66 - 10/29/2014 at 7:12 PM GMT
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  James Turk - 2 Key Charts, Gold & The Destruction Of Money  (3)
 - James Turk - Goldmoney
Hate to seem like a broken record, but: The issue is using gold as money, and you talk about Central Bank printing of "money" to buy money? Oh boy... 
 
OneTinSoldier66 - 10/29/2014 at 7:10 PM GMT
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  James Turk - 2 Key Charts, Gold & The Destruction Of Money  (3)
 - James Turk - Goldmoney
The issue is about using gold as money, and you ask where is the money going to come from? Oh boy... 
 
SNAFU - 10/28/2014 at 9:57 PM GMT
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  Gold & Silver Market Morning: Oct-28-2014
 - Julian D. W. Phillips - Gold Forecaster
We still have 3 more days until the end of October. Let us leave them these three days to prove their point. 
 
SNAFU - 10/28/2014 at 9:50 PM GMT
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  James Turk - 2 Key Charts, Gold & The Destruction Of Money  (3)
 - James Turk - Goldmoney
They have a central bank, so they can print the money to buy the gold, don't you think? This is what the Chinese have been doing for the past ten years.  
  1  0  Rating :  1 
 
glasstiger - 10/28/2014 at 9:04 PM GMT
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  SP 500 and NDX Futures Daily Charts - FOMC Tomorrow and the End of QE III
 - Jesse - Le Cafe Américain
The market is scary. Just in time for halloween. 
 
glasstiger - 10/28/2014 at 8:45 PM GMT
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  Gold Daily and Silver Weekly Charts - Quiet Option Expiration, Markets In Lockdown
 - Jesse - Le Cafe Américain
Oh Boy! Am I tired of waiting for the so called 'crash'. I'm now at the point of wondering if we've all been played by the Fed thugs like puppets.  
 
overtheedge - 10/28/2014 at 7:55 PM GMT
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  James Turk - 2 Key Charts, Gold & The Destruction Of Money  (3)
 - James Turk - Goldmoney
Quite the optimist about the Swiss and this initiative. However, time just might not be on the side of the Swiss to effect this hoped for miracle that won't be. Where is the money to buy the gold coming from? Can the Swiss handle more inflation to gain the money to pull this off? What will happen to the price of gold if they attempt this so-called miracle? What about the gold purchasing efforts of Chindia?  
 
glasstiger - 10/28/2014 at 3:01 PM GMT
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  Gold & Silver Market Morning: Oct-28-2014
 - Julian D. W. Phillips - Gold Forecaster
OMG! Almost daily throughout 2014 we've been reminded by all the wisest gold forecasters that there is an imminent trigger that will cause the stock markets to crash. Well it's not happened, and the latest predictions, as in this article, is that nothing is likely to happen until 2015. So don't hold your breath guys. There's always another year, and gold might just be the relict the bankers say it is. Is that  
 
glasstiger - 10/28/2014 at 12:23 AM GMT
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  Gold Daily and Silver Weekly Charts - Spooky Janet and the American MIddle Class Zombies
 - Jesse - Le Cafe Américain
Jesse, many of us have gold or miner shares, but cannot or dare not sell at these ridiculously low prices. So even if the monkeys hammer the gold price down for the Comex or FOMC, our hands are tied, as no longer have funds to keep on buying.  
 
glasstiger - 10/27/2014 at 4:12 PM GMT
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  Chris Hedges: The Myth of a Free Press  (6)
 - Jesse - Le Cafe Américain
The herd will take note only after you yank the burger from their mitts and limit their use of the SUV. How sad. 
 
glasstiger - 10/26/2014 at 12:35 AM GMT
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  Greenspan says he's not aware of gold price suppression through central bank leasing
 - Chris Powell - GATA
He served his purpose for the shyster bankers. So just let the old fart fade away peacefully. 
 
Anthony D. - 10/24/2014 at 9:24 PM GMT
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  Oct 24, 1929 : Wall Street Crashes
 - Panics, Manias and Crashes - London Herald
I would comment. If only I could read it.... 
 
ritter@epilin.com - 10/24/2014 at 2:49 PM GMT
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  Gold and Silver as Standards of Value  (6)
 - Lysander Spooner - 
If gold is not money, and all the different uses of working gold coins into plate, jewelry etc., the total demand for gold is X. At that demand level the price of gold is Y. If gold is made money there is another use, which would increase the demand to X+1. Additional demand increases the price of anything, but Spooner seems to insist that it does not. 
 
glasstiger - 10/24/2014 at 2:36 PM GMT
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  First Majestic CEO wants silver miners to form counter-cartel against futures shorters
 - Chris Powell - GATA
Wow! Are they waking up Now? 
  1  0  Rating :  1 
 
glasstiger - 10/23/2014 at 7:34 PM GMT
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  Henry Giroux On the Rise of Neoliberalism As a Political Ideology  (3)
 - Jesse - Le Cafe Américain
Well! If you were making the rules as do the elected attorneys/politicians, wouldn't you write them to favor yourself and your wealthy buddies? Isn't it obvious that the world has always been that way? Es ist selbstverständlich meine freunde. 
 
Doom - 10/22/2014 at 4:23 PM GMT
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  McDonald's Vows Fresh Thinking After Net Income Declines 30%; Mish Offers Some Advice
 - Mish - Global Economic Analysis
Please reconsider asking for lower prices...the only way McDonald's can do that is to cut back on food quality. Seeing as they're already down to putting wood pulp in their "meat" and other foodlike products, I shudder to think what they might do to reduce quality further. I also avoid the fast food places. I took my lady to a burger place today. I had a turkey burger, she the veggie burger. We each had frie  
 
overtheedge - 10/20/2014 at 9:44 PM GMT
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  Eurozone Rotting to the Core; Four Possibilities; Beyond the Math  (3)
 - Mish - Global Economic Analysis
Excellent article. This is the big one in my opinion. "It's a mathematical certainty that every country cannot have a trade surplus." It needs to be repeated until it sinks in. This realization won't help us this time, but maybe the passengers on starship Earth can remember it for the next time. I consider this an excellent reason to clear the balance of payments every 90 days. Any unwillingness or ina  
  2  0  Rating :  2 
 
overtheedge - 10/20/2014 at 8:48 PM GMT
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  Challenge to Keynesians "Prove Rising Prices Provide an Overall Economic Benefit"
 - Mish - Global Economic Analysis
I gave you one star for being such a damn fool. Turn off the money spigots. Freeze wages and prices. That will eliminate rising prices and to the best of my knowledge the only way to stop rising prices. And just what the hell happens when wage and price controls are enforced? Shortages, empty shelves and a blackmarket. Debts will clear by defaulting, banks will fail, any remaining confidence in the curre  
  1  0  Rating :  1 
 
glasstiger - 10/20/2014 at 3:07 AM GMT
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  Sprott covers Chinese demand, GLD's decline, and investor mistakes
 - Chris Powell - GATA
Just a terrific intelligent discussion by Eric Sprott covering many PM topics. Thanks for the link Chris  
 
firesail - 10/20/2014 at 2:02 AM GMT
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  FBI Director Warns Google and Apple "If You Don't Decrypt Phones, We'll Do It For You"  (7)
 - Mish - Global Economic Analysis
Well written and calls it the way it is. All these government stooges, both elected or appointed don't give a damn about the Constitution/ Bill of Rights because their boss is the worst offender. When are people going to wise up and demand Constitutional government? 
  1  0  Rating :  1 
 
overtheedge - 10/19/2014 at 8:43 PM GMT
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  The Virtue of Hoarding  (11)
 - George F. Smith - Barbarous Relic
Excellent article. Two major reasons why hoarding is verbotten that were missed in the article. 1. When the velocity of money slows, the tax revenue stream drastically declines. Every transaction provides for a government skim. Half as many transactions, half as much skim. That skim gets recycled into more transactions providing for more skim. Simplified example: $100 profit and the tax rate is 20%. Af  
  3  0  Rating :  3 
 
overtheedge - 10/19/2014 at 6:58 PM GMT
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  Russia's Currency Crisis: This Is So 2008!
 - Nathan Lewis - New World Economics
"The appalling thing is that Russia’s central bank should know this, because they are the ones that did it, and it worked for them. But, they seem to have forgotten. (Presumably there are new people there now.) Monetary affairs, today, is in the hands of doofuses, in Russia and everywhere else. People don’t believe this when I say it. But, what else would you call it?" Then again, maybe the author forgot tha  
 
glasstiger - 10/17/2014 at 11:13 PM GMT
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  Gold Daily and Silver Weekly Charts - Life During Wartime
 - Jesse - Le Cafe Américain
Absolutely right. Everything is babble until the vaults are empty.  
 
Gypsy - 10/16/2014 at 4:22 PM GMT
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  Gold & Silver Market Morning
 - Julian D. W. Phillips - Gold Forecaster
Julian, I know it seems (to me) to be a rhetorical question when you ask: " What pragmatic means are left for governments and central banks to create growth? " The Banksters and the Government have SUPER Computers; just for when such emergencies arise. The last time the Banks and Gov asked those computers, back in the 2007 Collapse, they received the reply: " There is no mathematical way to recover from this  
  1  0  Rating :  1 
 
overtheedge - 10/15/2014 at 7:44 PM GMT
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  Post-Foreclosure Hell: Garnished Wages, Seized Assets, Deficiency Judgments
 - Mish - Global Economic Analysis
I'm not a lawyer or a judge and I don't play one on TV, but ... I look at the XIIIth Amendment to the US Constitution and I think I might see something behind the "Great Oz" curtain. Deficiency judgements are civil. If you sign a contract and then refuse to abide by the conditions of said contract, is that defined as fraud? If not currently, might it become so overnight? Who makes the rules for the Judici  
  2  0  Rating :  2 
 
overtheedge - 10/15/2014 at 7:15 PM GMT
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  This is a Recipe For a Crash
 - Phoenix Capital - Gains Pains & Capital
"... and things are fundamentally no better than they were before: most major banks are insolvent, one in five US mortgages is underwater, and the stock market is being largely propped up by in-house trading from a few key players ..." "... if your portfolio is heavily invested in stocks, now is a time to be taking some profits. If you can, consider moving a sizable chunk into cash." According to the firs  
  3  0  Rating :  3 

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