Close X Cookies are necessary for the proper functioning of By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
Gold & Silver Prices in
Latest comments
overtheedge - 4/11/2015 at 7:21 PM GMT
Profile not specifiedcheck his comments (582)
 Endless Supply of Rabbits? Greece to Make April 9 IMF Repayment; Bond Market Unimpressed; Tsipras Heads to Russia
 - Mish - Global Economic Analysis
"Who gives a sh. about Merkel ? And or the suffering of her her her party ?"

The problem is counter-party exposure within the EU in the immediate circle and globally in the final analysis.
Merkel and company are barely holding on against those within Germany that are eager to leave the EU.
As German is the heavyweight in the EU group, their exit would trigger a vast cascade failure amongst all the EU member banks.
Consider the potential loss of Germany's Target2 account and its effect.
First thing to recognize is the EU is a banking union. The rest is just window dressing.
Because of the vast web of derivatives and inter-bank loans, an EU failure would initiate an almost instant global bank holiday.

Margaret Thatcher stated to th... 
Read this articleReply
Answer To :Karandash - 4/8/2015 at 9:04 PM GMT
Dear Overtheedge
I liked reading your comments but have given up trying to understand them.
Who gives a sh. about Merkel ? And or the suffering of her her her party ?
Long live Russia with Putin !
Greetings from Luxembourg
I can make deductions too. Who is served by them ?
If then that
overtheedge - 4/11/2015 at 6:35 PM GMT
Profile not specifiedcheck his comments (582)
 Streamline fixing of gold price in India
 - Chris Powell - GATA
eg. exempli gratia, for the sake of example.

GATA has been railing against price fixing for years.
Now GATA suggests fixing gold prices in India.

What part of this hypocrisy left you dazed and confused?

You are right to ask, "Cui bono", in response to my comments.

If we assume that the world economic conditions could decline to the point where the currency of the day goes into hyperinflation, then tangible assets in hand might make the difference between maintaining a subsistence lifestyle and reporting to a refugee camp.
Ergo, any attempts to increase the price of assets would be counter to the needs of those willing to forgo instant gratification in order to stash a bit of savings.

One could make the ... 
Read this articleReply
Answer To :Karandash - 4/8/2015 at 8:12 PM GMT
"Cui bono ?" indeed.
Your comments eg.

terryhp - 4/23/2015 at 11:08 PM GMT
Profile not specifiedcheck his comments (1)
 In Three to Five Years Gold Will Be Priceless  (8)
 - Chris Vermeulen - GoldandOilGuy
The so called fiat currencies that you declare worthless ie the US DOLLAR the UK POUND and others, are far from worthless.They are backed by a countries ability to raise taxes from its citizens and corporations.

These same governments also have the right of eminent domain,the right of government to take private property for public use. This right to tax and eminent domain arguably give currencies plenty of worth.

The possibility of an individual currency becoming worthless such as the German Reichsmark, or more recently the currency of Zimbabwe can and does happen.
This currency collapse to happen to all major currencies is almost impossible.

The confiscation of gold and other precious metals and stones by countries under eminent domain... 
Read this articleReply
Frank.Karl.S - 4/24/2015 at 8:48 PM GMT
Profile not specifiedcheck his comments (7)
 Gold, the SDR and BRICS
 - Alasdair Macleod - Finance and Eco.
It's like adding a fresh apple to a bowl of rotten fruit and calling it a fruit salad. The SDR is a basket (case) of debtor nations. How does one propose an equilibrium in this new basket if the worlds largest creditor nation is introduced? A gold component? No way. Infringes to much on the printing nations. Euro, Yen, Pound and US$. LOLS. I'll bet the US kicks the can and finds a reason to deny the Renminbi a place in the SDR. We are more likely to see a NSDR (new) with a basket of gold backed currencies including many of the proponents of the AIIB and NDB. China is unlikely to back the Renminbi solely as the Chinese do not want to win the race to the top during a currency war to the bottom. China, and others, will continue to add to their gold reserves while the US... 
Read this articleReply
dennyc - 4/15/2015 at 7:00 PM GMT
Profile not specifiedcheck his comments (96)
 She’s Back!  (11)
 - James Howard Kunstler - 
Kunstler failed to mention the hoard of wandering thirsty people from the southern Cal area that will appear before various city gates in the coming years. Many of the politicos and powers-that-be are still pretending the problem is only a minor inconvenience. If you are not in SoCal hold on to any real estate you have. It will be worth much more sooner than you think. 
Read this articleReply
pacanon - 4/3/2015 at 6:23 AM GMT
Profile not specifiedcheck his comments (6)
 Water Wars Loom Over California As Farmers Lose Thousands of Jobs: “Wrestling Match Over Who Gets the Water”  (4)
 - Mac Slavo - ShtfPlan
In California they have already jailed at least one person for collecting rain water.  
Read this articleReply
  5  1  Rating :  4 
Answer To :overtheedge - 3/26/2015 at 7:33 PM GMT
Ellen Brown should stick to what she understands versus geology, hydrology and financially available technology.
"With discussions of vast supplies of “primary water” stored deep in the earth’s mantle and scientifically proven schemes to desalinate ocean water or capture greater amounts of rainfall, ..."

1. Water in the mantle is out of reach by a couple hundred miles under the continents.
Just what sci-fi technology will make drilling the wells possible?
Ever hear of a thing called volcanoes?

2. This upper mantle water is hot and a witches brew of chemicals.
Ever hear of hydrothermal deposition of minerals?
Ever look at the chemicals in hot springs, geysers and volcanoes?

3. Desalination of water is expensi...
neville - 3/28/2015 at 9:21 AM GMT
Profile not specifiedcheck his comments (37)
 Gold Effect on Mining & Shale Wasteland  (5)
 - Jim Willie CB - Hat Trick Letter
Thank you Jim Willie for your open and candid report on some of the most urgent matters agrevating this economically
and war torn world thanks in full measure to the united states and her lackey allies all of whom will live to regret their
extremely unholy alliance.
You really raise the bench mark for financial journalism someone that my late dad who was an editor who strove for THE
TRUTH would surely be proud of.There are of course many other analysts that I respect but since this is your article ,mentioning
their names here would be like someone taking your thunder.
I wholeheartedly agree with you assessment of the u.s. and their kenyan refugee ,a death wish if ever I saw it.
Good HEALTH & COUNCIL to you Jim and GOD BLESS 
Read this articleReply
  1  0  Rating :  1 
jox - 4/8/2015 at 10:11 AM GMT
Profile not specifiedcheck his comments (30)
 History Lesson for Hypocrites, Warmongers, and Fools  (4)
 - Mish - Global Economic Analysis
Excellent article! I'd like that every american warmonger read it. 
Read this articleReply
  1  0  Rating :  1 
sneezy67 - 4/17/2015 at 11:57 AM GMT
Profile not specifiedcheck his comments (26)
 Food Chain Catastrophe: Emergency Shut Down Of West Coast Fisheries: “Populations Have Crashed 91 Percent”
 - Mac Slavo - ShtfPlan
And the scientists(researchers?) just can't figure it out yet...huh?
And the Pacific is full of Fukushima, California is parched, Las Vegas and Phoenix are on the edge, pollinators are being decimated.
Meanwhile...back at the ranch....people in the La La Land West Coast are still paying probably 3x the true value (if any) for property.
Migration back to the East maybe at some point in time
Read this articleReply
baregil - 4/22/2015 at 1:10 PM GMT
Profile not specifiedcheck his comments (1)
 Martin Armstrong – Gold Bullion To “Max Out At $5,000 Per Ounce”
 - Mark O'Byrne -
This Armstrong individual suffers from hyperinflation of the Ego. He speaks in a cryptic, sybilline and esoteric fashion, trying to make an impression about how knowledgeable he is and the end result is that his discourse lacks a clear logical line of thought. He dishes out disconnected statements and poor Greg Hunter is trying hard to pull out some coherence out of those reluctant and scarse ‘morsels of thought’ that this petulant buffon, full of himself, condescends to spit out. 
Read this articleReply
sam_site - 4/21/2015 at 11:13 PM GMT
Profile not specifiedcheck his comments (5)
 The Don Fanucci of American Politics  (4)
 - Tom DiLorenzo - lewRockwell

The south had every right to succeed in order to avoid the northern parasite feeding the federal government at the south's expense. This just shows the dangers of tarriffs in funding government and highlights the need for an equal income tax on all citizens if they want a federal government. Maybe the north realized everyone would not go along with an equal income tax and this was an underhanded way of funding the federal government at the South's expense.

This highlights the need for all taxes to be voluntary and if they aren't then the government won't be funded and needs to dissipate. Just like with Greece, their social state needs to dissolve as obviously the citizens avoid paying taxes to support a social state apparently no one wants. Of cours... 
Read this articleReply
overtheedge - 4/22/2015 at 6:47 PM GMT
Profile not specifiedcheck his comments (582)
 Switzerland and Gold: What Next?  (3)
 - Dan Popescu - GoldBroker
Admittedly I only gave your article 4 stars.
The reason is quite logical once you spend a few moments in contemplation.

You presented a graph of "World Gold Reserves – Top 20 Holders (Tonnes)".
In logic there is a term called reductio ad absurdum; reduce it to the level of absurdity.
Then see if it is still logical.

If country X only has $120,000 in cash/cash equivalents in its central bank, but has 1000 ozt of gold as well, then its gold reserves percentage can be stated as 91%.
Does this 91% gold reserve signify the country's internationally accepted standard of financial viability?
Not at all.
The harsh reality is country X only has 9% of its reserves in foreign currency.
This problem becomes even more evident once we ... 
Read this articleReply
  1  0  Rating :  1 
overtheedge - 4/19/2015 at 7:12 PM GMT
Profile not specifiedcheck his comments (582)
 A Few Facts About U.S. Tax History  (3)
 - Nathan Lewis - New World Economics
"I don't agree with the notion that "corporations don't really pay taxes, people do." Actually, corporations do pay taxes. The indirect payers of these taxes is of course the corporation's shareholders, not some nebulous "people". Corporate tax rates and top individual tax rates should really be in line with each other."

You just don't get it, do you?
All monies that go to pay taxes are harvested from the consumers.
All taxes are paid from earnings derived from selling products and services to the consumer aka that nebulous "people" thingy.
If the corporate tax-rate is 35%, then the price of the product or service is increased by a minimum of 35% to cover the tax burden.

It is disingenuous to proclaim that corporate taxes are paid by the... 
Read this articleReply
  0  1  Rating :  -1 
bfsiegel - 4/20/2015 at 4:38 PM GMT
Profile not specifiedcheck his comments (2)
 Change They Don’t Believe In  (8)
 - James Howard Kunstler - 
People need to stop and take notice of what James has been saying about the economy. He is smelling what is in the air and others should lift there noses and take a wiff before it too late. Good article James. 
Read this articleReply
  1  0  Rating :  1 
user4779 - 4/11/2015 at 9:29 AM GMT
Profile not specifiedcheck his comments (21)
 Gold-Futures Short Covering
 - Adam Hamilton - Zealllc
Five stars for this well-written article which so clearly explains the dynamics of the market in gold futures. The synthetic volatility generated by speculators in this market provides a free lunch for long-term accumulators of the metal in two ways: (1) the artificial price movement created by their activity boosts the natural volatility to a level that deters safety-seeking investors (who do not perceive the fake, mean-reverting, component of the volatility), and thus removes some price-supporting demand from the market; (2) the extra oscillation allows below-average cost of acquisition---even, at a minimum, by the mindless strategy of dollar-cost averaging. (Currency-cost averaging yields no advantage in trading a pure Wiener process with no mean-reverting compone... 
Read this articleReply
kitolino - 4/14/2015 at 7:00 AM GMT
Profile not specifiedcheck his comments (6)
 The New Militarism: Who Profits?  (9)
 - Ron Paul - 
the richest people of America live in a posh area of Washington, they're all military contractors... 
Read this articleReply
  1  0  Rating :  1 
sneezy67 - 4/14/2015 at 10:31 AM GMT
Profile not specifiedcheck his comments (26)
 Printing False Hope in a False Reality
 - Jeffrey Lewis - 
A dog chasing its tail....we giggle nervously 
Read this articleReply
sneezy67 - 4/14/2015 at 10:44 AM GMT
Profile not specifiedcheck his comments (26)
 Greece to Default on IMF in May, June if No Deal Reached  (4)
 - Mish - Global Economic Analysis
And Russia/China are waiting off stage salivating? AIIB? BRICS (G) ?  
Read this articleReply
sneezy67 - 4/17/2015 at 12:14 PM GMT
Profile not specifiedcheck his comments (26)
 The REAL Issue With a Grexit/ Greek Default  (4)
 - Phoenix Capital - Gains Pains & Capital
And the rich get richer while the poor become poorer. 
Read this articleReply
neville - 4/8/2015 at 11:41 AM GMT
Profile not specifiedcheck his comments (37)
 Why Gold Stocks Still Suck
 - Mickey Fulp - Mercenary Geologist
Mickey,Mickey,Mickey.....Don't get you pee in a froth over the flotsam and jetsam of the junior exploration market.
address your problem to the TSXV or some competent body that can clean up the mess BUT while the incompitents
are recieving LISTING FEES they will do diddly squat about your problem.
Next the big guns that have brought crap results are due in the main to INFLATION and maybe a bit to do with grade
deterioration.The miners concerned should all get a bit of or maybe a lot of advice from Marc Bristow of Randgold fame
on how to get thigs right as he has a simple formula for doing so.

As for shares sucking ,well kiddo if you can't take the heat get the hell out of the stope ,this game is NOT for you.Maybe by the looks of whats le... 
Read this articleReply
  3  0  Rating :  3 
Gypsy - 3/31/2015 at 1:42 PM GMT
View his profilecheck his comments (162)
 The Way Out  (6)
 - James Howard Kunstler - 
James, you're wrong to think the people on earth couldn't THRIVE ~ live well, eat well, enjoy great lives, advance mankind ~ with the resources we HAVE. The vast majority of Earth's resources ~ the money, the land, the financial ability for research-and-development, the water ~ are concentrated in the hands of The Few. Those FEW mis-use the resources: to build War Material, to build a Surveillance State, to manufacture bombs, to manufacture drones, to buy representatives and Presidents, to write laws that exonerate The Few no matter WHAT they do, on-and-on.

James, you'd be surprised what trillions upon trillions of wasted money "could" have done for mankind. The incredible waste is staggering ! I'm certain you already KNOW where we're headed BECAUSE those ... 
Read this articleReply
  1  0  Rating :  1 
jox - 4/1/2015 at 11:37 AM GMT
Profile not specifiedcheck his comments (30)
 Iceland Ponders Radical Money Plan Including Elimination of Fractional Reserve Lending and Deposit Insurance
 - Mish - Global Economic Analysis
Excellent news!!

I support Positive Money initiative, so I'm 100% with the Iceland proposal.

Anyway, somebody could point defects on this proposal, or better forms of managing the creation and distribution of money. The important things are: 1- That everybody be aware that the current system is profoundly flawed. 2- That there are alternatives more efficient, modern and fair. And then, we can have a civilized, informed and democratic discussion about the reforms to implement. 
Read this articleReply
  1  0  Rating :  1 
dennyc - 4/3/2015 at 2:43 PM GMT
Profile not specifiedcheck his comments (96)
 Clueless In The Middle East
 - John Rubino - Dollar Collapse
The U.S. Government is doing a laudable job pretending they have made error after error. However, one must bear in mind that resolution to conflict in the Mideast is not to the government's advantage. If any of the ongoing conflicts were to be resolved our presence there wouldn't be necessary. Our goals and strategy, sadly, aren't for ameliorating any conflicts; but for increasing the chaos and confusion. Anti-terrorism is now a burgeoning growth industry. 
Read this articleReply
Falconflight - 3/29/2015 at 10:03 PM GMT
Profile not specifiedcheck his comments (12)
 Signs that America Will Hit the Wall  (4)
 - Jason Hamlin - Gold Stock Bull
I'll tell you what signals a return of the Dark Ages....the growing, almost hysterical screed again in the West that those Jews are responsible for just about everything wrong in the world. I'm not sure who is worse; the West (Christianity) or the Muslims.  
Read this articleReply
  1  0  Rating :  1 
overtheedge - 3/29/2015 at 4:36 PM GMT
Profile not specifiedcheck his comments (582)
 The Finanser Interviews Jon Matonis
 - Jon Matonis - The Monetary Future
"In late 2009, I got introduced to Bitcoin by a random email from Satoshi Nakamoto. I didn’t give it much thought at the time and then 3-4 months later I started to focus upon it."

From Wikipedia:
Feb 2010 – May 2010 value was less than $0.01
From Google: Today 29 March 2015 $244.01

Please God, just one more big score.
As an example: $500 paid in May 2010 @$0.01 = 50,000BTC
50,000 x $244.01 = $12,200,500
Nice profit over roughly 5 years, eh?

Bitcoins are not a product and a marginal service at best.
After all, look at the transaction costs.
Who said a bucket of hot air can't make you rich?

But no problem, no worries. Plenty of greater fools standing in line eager to lose money.
Just look at the tra... 
Read this articleReply
neville - 3/28/2015 at 3:38 AM GMT
Profile not specifiedcheck his comments (37)
 Central banks paralysed at the zero bound
 - Alasdair Macleod - Finance and Eco.
alastair,what is very noticable with a lot of analysts and market commentators is that they are very gun shy when
it comes to calling a spade a spade and NOT a shovel!!! This goes for you in this instance.
Now lets get one thing straight for once and for all and that is ,america is stone motherless BANKRUPT SANS DOUBT....CAPICE
This bankruptcy comes as a result of america lying about everything ,nope they didn't miss a trick or take any prisoners in the
lying game .These lies so much so that anyone who goes to any chart service and seek information on a GOLD chart for instance
is looking at the chart of a pack of lies and manipulation,fraud,obfuscation call it what ever you will the DATA reflected there is NOT
the THE TRUE performance of GOLD ... 
Read this articleReply
  1  0  Rating :  1 
Ted S. - 3/29/2015 at 6:38 PM GMT
Profile not specifiedcheck his comments (1)
 Misunderstanding "Peak Gold"; Gold About to Run Out?
 - Mish - Global Economic Analysis
Hi Mish,
You make a good point about the difference between commodities and gold. It's a great point of discussion to counter people who are talking about peak gold. While it is true that a lot of the easiest (least expensive to extract) gold has been mined and new gold tends to cost more to extract, as gold enthusiasts like to repeat saying 98% of the gold that has ever been mined throughout history is still above ground. That just seems to mean that the supply of gold just keeps growing year after year as more is mined each year since there are no big industrial uses that "consume" gold.

How do you feel about silver since there are many industrial uses that "consume" silver like electrical, solar, antibacterial, etc and those uses are growing... 
Read this articleReply
  1  0  Rating :  1 
neville - 3/28/2015 at 4:23 AM GMT
Profile not specifiedcheck his comments (37)
 Support and Resistance Levels for Gold, Silver and Miners
 - Jordan Roy Byrne - The Daily Gold
Hi byrne,as we all know there isn't a chart or charts that track the biggest bubble in history and that is THE BUBBLE OF THE LIE ........But
if one were to study the charts of the dow or the valueless FIAT currency called the usd then that is about
as close as anyone will get in seeing just how far down the road we have come with suffering the lies that
are manifest out there and which MAKE UP THE CHART OF LIE BUBBLE.

That said consider this analogy " A trainer of a champion racehorse(GOLD) is got at by gangsters (FED,CME etc)who pay him off to dope the horse or pull it up
so that it will lose a string of races .Now on the race card form line(your doped gold charts) will reflect a line of NO SHOWS .The bookies
who like the banksters wi... 
Read this articleReply
  1  0  Rating :  1 
S W. - 3/29/2015 at 7:25 AM GMT
Profile not specifiedcheck his comments (420)
 Gold to Fuel Silver Upleg
 - Adam Hamilton - Zealllc
The author confuses question marks with apostrophes,but I will forgive his oversight here.
However,I cannot forgive him for the complete and utter nonsense he has drivelled on about in this article.

Refer last paragraph…you can make a lot of dollars if you buy gold and silver NOW.
Aside from the fact that I see no real reason to buy either of the PM?s ( ha ha) at this point, he shows a total lack of understanding of why PM's should be purchased,(for want of a better word) in the first place.
You do not buy gold to make dollars.
You want to get rid of (or swap) your legal tender for money, AKA, Gold and Silver!!! 
Read this articleReply
Shadowdoo - 3/30/2015 at 3:19 PM GMT
Profile not specifiedcheck his comments (1)
 Time to Eliminate Pilots in Aircrafts: Post Pilot Era Coming Up
 - Mish - Global Economic Analysis
Hi Mish,
Sorry pal, I would rather take the door off than give the controls to some moron on the ground. Especially with that nitwit in the white house. Have you lost your senses, my boy? Columns like that make you look pretty silly.
Read this articleReply
  1  0  Rating :  1