Chart usGOLD   Chart usSILVER  
 
Food for thought
Nothing is so permanent as a temporary government program.
Milton Friedman  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1284.491.97
Silver 19.500.06
Platinum 1418.505.75
Palladium 890.470.72
WORLD MARKETS
DOWJONES 1712211
NASDAQ 4570-1
NIKKEI 15446-89
ASX 564914
CAC 40 43952
DAX 9570-18
HUI 2400
XAU 1000
CURRENCIES (€)
AUS $ 1.4127
CAN $ 1.4326
US $ 1.3199
GBP (£) 0.7957
Sw Fr 1.2069
YEN 136.9290
CURRENCIES ($)
AUS $ 1.0704
CAN $ 1.0850
Euro 0.7576
GBP (£) 0.6027
Sw Fr 0.9143
YEN 103.7140
RATIOS & INDEXES
Gold / Silver65.87
Gold / Oil13.70
Dowjones / Gold13.33
COMMODITIES
Copper 3.180.00
WTI Oil 93.74-0.14
Nat. Gas 4.010.00
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
Opinions and Analysis
In the last 4 hours
Mish - Global Economic Analysis
IMF Chief Under Investigation in French Fraud Case; Meet David Lipton (an Obama Clone), Lagarde's Po
IMF chief Christine Lagarde Under Formal Investigation in French fraud case. IMF chief Christine Lagarde has been put under formal investigation by French magistrates for alleged negligence in a political fraud affair dating from 2008 when she was finance minister. Lagarde was questioned by magistrates in Paris this week for a fourth time under her existing status as a witness in the long-running saga over allegations that tycoon Bernard Tapie won a large arbitration payout due to his politi
Thursday, August 28, 2014
In the last 24 hours
Andy Hoffman - Miles Franklin
Of Manipulation and Madness
It’s Wednesday morning and sovereign debt yields – U.S. Treasuries included – are again plumbing multi-year or in some cases all-time lows; as globally speaking, the “most damning proof yet of QE failure” couldn’t be more plain to see.  In other words, from East to West, fixed income markets are anticipating “QE to Infinity” amidst the worst economic backdrop – and outlook – of our lifetimes.  Part and parcel of such madness, everyone from money managers to corporate treasurers (as exemplified b
Wednesday, August 27, 2014
Mish - Global Economic Analysis
US 10-Year Treasury Cheapest in G7, Yield Spread Near Record High
Saxo Bank chief economist Steen Jakobsen point out US 10-Year treasury is the cheapest in G7 with the spread near a record high. Spread of US 10-Year Note Yield vs. G7 Average Yield click on chart for sharper image Via email Steen says ... US 10 Year cheapest in G-7! This is one of the reasons for my change to US fixed income and short US Dollar. US 10 Year spread vs. G-7 equivalent now at 79 bps - close to all time high. As the chart indicates there is considerable mean-reversion in th
Wednesday, August 27, 2014
Tim Iacono - Iacono Research
Wednesday Morning Links
MUST READS In search of signs of irrational exuberance – USA Today Equities Reach Record $66 Trillion, S&P 500 Hits 2,000 – Bloomberg Here’s what the S&P500 did the last 2 times the Fed started hiking rates – MarketWatch Eurozone borrowing costs fall to record lows – Channel News Asia Deflationary Fears Are Spreading Globally – Financial Sense Europe will be Russia’s gas hostage for at least another decade – Telegraph Finding your ‘magic number’ for retirement savings – CNBC Harvard Endowment Co
Wednesday, August 27, 2014
Mish - Global Economic Analysis
Ukraine Seeks Ceasefire Following 'Very Tough and Complex" Talks With Putin
On August 10, Ukraine said No Cease-Fire Until Rebels Surrender. Things changed. This just in ... On August 26, Reuters reported Poroshenko Seeks Ceasefire After 'Very Tough' Talks With Putin. Ukrainian President Petro Poroshenko promised after late-night talks with Russia's Vladimir Putin to work on an urgent ceasefire plan to defuse the separatist conflict in the east of his former Soviet republic. The first negotiations between the two leaders since June were described by Putin as posit
Wednesday, August 27, 2014
Mish - Global Economic Analysis
Jane's Defense vs. Colonel Cassad: Someone Seriously Wrong
Given misinformation and outright lies by all involved, it's important to consider the both sides of the story. Military Endgame? Jane's Defense claims Ukrainian Military Moves to Endgame. Ukrainian troops have continued their offensive aimed at clearing pro-Russian rebels from the Donetsk and Lugansk regions despite strong resistance. Both the Ukrainian and rebel forces are using tracked armour, heavy artillery, and rockets in the heaviest fighting seen in Europe since the Balkan conflict
Wednesday, August 27, 2014
More than 24 hours ago
Andy Hoffman - Miles Franklin
Andy Hoffman on the Jay Taylor Radio Show – August 26, 2014
Andy Hoffman speaks with Jay Taylor from the Jay Taylor Radio Show to discuss market manipulation of the precious metals market, the state of the economy, the COMEX, Ukraine, gold and silver. Andy Hoffman – Jay Taylor Radio Show – August 26, 2014
Wednesday, August 27, 2014
Mish - Global Economic Analysis
Outright Military Victory by Rebels? Ukraine Offensive in Donetsk and Lugansk Fails
Outright Military Victory by Rebels? Militarily, if the rebel site maps and discussion are correct, the war may conclude with outright military victory by the rebels. Whether or not you believe these maps or such talk, please note the mainstream media silence on the civil war in the last two weeks. At best, one can safely assume Kiev has nothing good to report. Ukraine Offensive in Donetsk and Lugansk Fails Rebel sites now proclaim Ukraine offensive in Donetsk and Lugansk have failed. Let'
Wednesday, August 27, 2014
Mish - Global Economic Analysis
Incentives Up to $325K in China's Housing Market; Shopping on Taobao, China's "eBay-Like" Portal
Developers in China are offering up to $325,000 in incentives to home buyers. The catch? Incentives come in the form of a credit on Alibaba’s Taobao, an e-commerce platform similar to eBay. More modest discounts, some of them retroactive, are offered by other developers to combat sinking purchase volumes. Sinking Sales Volumes , Prices Sales are down 9.4% as measured by floor space compared to the same 7-month period last year. Prices are down in 55 of 70 cities in June vs. May, and in 35 of
Tuesday, August 26, 2014
Tim Iacono - Iacono Research
Confidence Soars, Stocks Soar, It’s All Good
The Conference Board reported that consumer confidence reached a fresh seven-year high this month as Americans are increasingly optimistic about the economy in general and the job market in particular. The group’s confidence index rose from a downwardly revised 90.3 in July to a new recovery high of 92.4 this month as the present situation component jumped 6.7 points to 94.6. The expectations component dipped 1.0 point to 90.9. Earlier, two reports indicated slowing momentum in the nation’s h
Tuesday, August 26, 2014
Andy Hoffman - Miles Franklin
Irrelevant Gold
Before I get to today’s titled topic, we have several very important matters to discuss.  To start, it appears another of our long-time competitors is closing its doors, just as Tulving did last year.  We cast no aspersions on our competition, but remind readers that in the essentially unregulated bullion business, one must be very careful who one deals with.  There’s a reason we’ve been around 25 years with an A+ Better Business Bureau rating and zero registered complaints.  Competitive pricing
Tuesday, August 26, 2014
Andy Hoffman - Miles Franklin
No Light At The End Of The Jackson Black Hole
Andy Hoffman joins Kerry Lutz of the Financial Survival Network to discuss new home sales are down, Jackson Hole meeting, Puerto Rico is defaulting, gold manipulation goes on, Bitcoin, physical gold and silver.   To listen to the interview, please click below. Andrew Hoffman – No Light At The End Of The Jackson Black Hole
Tuesday, August 26, 2014
Tim Iacono - Iacono Research
Tuesday Morning Links
MUST READS The S&P500 tops 2,000. Should you care? – MarketWatch What to Expect Next in Iraq and Syria? – New Yorker Islamic State Captures Syrian Air Force Base – Vice News The Islamic State: Can it govern? – Economist Israel Destroys 2 Gaza High-Rises in Escalation – AP Putin in Minsk for bilateral talks with Ukraine’s Poroshenko – RT News Why U.S. conservatives love Russia’s Vladimir Putin – Washington Post Ukraine moves another step closer to default – Fitch – RT News Why Burger King wants t
Tuesday, August 26, 2014
Tim Iacono - Iacono Research
Too Low for Too Long, Round 2
Based on the results of this survey as reported at the Wall Street Journal Economics blog and depicted below, large numbers of U.S. economists are prepping their 2015 (maybe 2016) “I told you so” commentaries as they relate to the Federal Reserve’s handling of interest rates. I’m not sure if this is round two or three (i.e., I wasn’t really paying attention back in the early-1990s when Greenspan held rates pretty low for a few years) but, either way, it’s kind of disconcerting to see a plethora
Tuesday, August 26, 2014
Mish - Global Economic Analysis
Rebels Claim Liberation of Mariupol Imminent: War Zone Map Update August 13 vs. August 24
A lot has happened since Western media reported on August that rebels in Donetsk were surrounded. Here is the map of major military operations from my August 13 post Multi-Pronged Attack on Donetsk Rebels Likely Within Days. click on map for sharper image Legend Blue jets inside red circles are locations where Ukrainian military planes are confirmed to have crashed after being shot down. (This is only for the period of the map, August 1-10. Blue jets shooting into blue circles are lo
Tuesday, August 26, 2014
Andy Hoffman - Miles Franklin
What Janet Yellen and Mario Draghi Really Said
Another week passed and another week closer to the end of history’s most destructive financial experiment.  This weekend alone, we witnessed further escalation of the “new Cold War,” China accusing a “sick” America of being a “disgusting, spying thief,” the largest Chinese supply-chain management company warning of “ongoing global macroeconomic weakness”; Secretary of Defense Hagel warning ISIS is more dangerous than al Qaeda, whilst UK Parliamentary leaders call for America to work with Syria’s
Monday, August 25, 2014
Mish - Global Economic Analysis
French Government Dissolves in Dispute Between PM Valls and Economy Minister Montebourg
Economy minister Arnaud Montebourg stepped over the line last weekend criticizing the policies of president Francois Hollande. Some sources report that prime minister Manuel Valls gave Hollande a "him or me" ultimatum, but Valls disputes that claim. Regardless, France Thrown Into Political Turmoil After Government Dissolved. France has entered uncharted political waters after the prime minister, Manuel Valls, presented his government's resignation amid a political crisis triggered by his mave
Monday, August 25, 2014
Tim Iacono - Iacono Research
Monday Morning Links
MUST READS Milestone watch: 2000 on S&P 500 – USA Today Draghi Pushes ECB Closer to QE as Deflation Risks Rise – Bloomberg Pressure builds within Fed to signal new policy course – Reuters More Economists See Fed Policy As Too Loose – WSJ Fed’s Lockhart not convinced economy ready to lift off – MarketWatch Janet Yellen’s Fed is more revolutionary than Ben Bernanke’s ever was – Quartz Broken Links: The Growing Gap Between Wall Street and Main Street – Hussman Funds Retirees’ Social Security checks
Monday, August 25, 2014
Mish - Global Economic Analysis
  Rebels Launch Counteroffensive: 4,000 Ukrainian Forces Trapped; Federalism to Save Ukraine?
If you believe mainstream media then you believe the rebels are surrounded, on the run, and a victory party for Kiev is on the way. Other reports tell a far different story. If you believe pro-Russia news sources, the rebels are on the march, headed towards the Black Sea, and a counteroffensive in Donetsk and Lugansk is underway. In this version of the story, the Ukrainian army is stretched way to far, support lines are cutoff, and the army is suffering huge losses of men and equipment. "Donb
Monday, August 25, 2014
Mish - Global Economic Analysis
Occam's Razor and Bank Lending
I received an interesting question on bank lending just a bit ago. The question is in reference to Euro Bond Bubble Guaranteed to Burst where I stated ... "Would QE by the ECB spur European bank lending? Of course not. Banks do not lend from excess reserves. Banks lend (provided they are not capital impaired), when credit-worthy borrowers want credit and banks perceive risks worth lending." Reader Kenneth from Stockholm, Sweden writes ... As a layperson I must say this makes perfect sense,
Sunday, August 24, 2014
Mish - Global Economic Analysis
40% of U.S. on Welfare; Obamacare Expands Welfare by 23 Million; More on Welfare Than Full-Time-Empl
As a result of Obamacare Medicaid expansion coupled with means-tested Obamacare assistance, I estimate welfare rolls expanded from 35.4% of the population in 2012 to  about 40% in 2014. Let's go through the math to see how I make that estimate. The latest welfare statistics are from year-end 2012. Those figures show 35.4 Percent: 109,631,000 on Welfare. 109,631,000 living in households taking federal welfare benefits as of the end of 2012, according to the Census Bureau, equaled 35.4 percent
Sunday, August 24, 2014
Mish - Global Economic Analysis
Spotlight on European Bank Lending: Capital Impairment to the Forefront
As noted in German Two-Year Bonds Have Negative Yield, Demand High; Euro Bond Bubble Guaranteed to Burst, " Banks lend (provided they are not capital impaired), when credit-worthy borrowers want credit and banks perceive risks worth lending." So which is it, lack of credit-worthy borrowers or capital impairment. The answer is likely both, but the spotlight goes on capital impairment, and Texas Ratios, a the ratio pf bad loans to equity.   The New York Times DealBook explains Europe Fears Bank
Saturday, August 23, 2014
Mish - Global Economic Analysis
German Two-Year Bonds Have Negative Yield, Demand High; Euro Bond Bubble Guaranteed to Burst
Central bank money madness continues with market participants expecting QE to begin in Europe. Will it spur lending? Of course not. Banks do not lend from excess reserves. Banks lend (provided they are not capital impaired), when credit-worthy borrowers want credit and banks perceive risks worth lending. The ECB tried to spur lending by charging, rather than paying interest on excess reserves. The results are in: Yield on Two-Year German Bonds is Negative German two-year debt yields held clos
Friday, August 22, 2014
Andy Hoffman - Miles Franklin
Sixth Sigma Precious Metals Manipulation Proof
It’s another Friday morning; and thus, another “day off” from writing.  However, given how evident it is becoming that the end game of history’s largest Ponzi scheme is approaching, my mind is afire with thoughts.  And thus, I spent last night compiling my thoughts – and nearly two years of data – for this very important article. Yesterday, we wrote of the “Palpable Fear” evident in TPTB’s desperation to hold precious metals down, no matter how suicidal such actions will be in the long-term, whe
Friday, August 22, 2014
Andy Hoffman - Miles Franklin
Return of the Truth
On his weekly podcast, Andy Hoffman discusses Ukraine, the U.S. economy, Japanese Yen collapsing, July 30th FOMC meeting minutes, unemployment, retail sales and the upcoming Jackson Hole meeting.   To listen to the audio, please click below. Download the Audio File: Return of the Truth Video: Return of the Truth
Friday, August 22, 2014
Andy Hoffman - Miles Franklin
Andy Hoffman on Butler on Business Show – August 21, 2014
Andy Hoffman joins Alan Butler from the Butler on Business show (1:36:00) to discuss the Jackson Hole meeting, market manipulation regime, the bond market, unemployment rate, retail sales, gold and silver.  To listen to the audio, please click below. Andy Hoffman – Butler on Business – August 21, 2014
Friday, August 22, 2014
Mish - Global Economic Analysis
Time to Short the US Dollar? Go Long Commodities?
Is it time to short the dollar? Saxo bank chief economist Steen Jakobsen thinks so. Via email from Steen ... What is wrong with changing your mind because the facts changed? But you have to be able to say why you changed your mind and how the facts changed. Lee Iacocca My biggest call all year has been for global lower rates,  and in particular lower core country (Germany, Denmark, and US) yields led by this magic trinity of factors: 1. China and Asia rebalancing growth away from nominal t
Friday, August 22, 2014
Mish - Global Economic Analysis
Obamacare Manufacturing Facts: 85% of Firms Raise Premiums, 91% Raise Deductibles, 74% Raise Out of
A special question on the impact of Obamacare on businesses in the August Philly Fed Manufacturing Survey shows the stunning failure of Obamacare. Here are the results in table form. I added the net results in red. click on chart for sharper image Net Percentage of Manufacturing Firms That ... CategoryNet Percentage Decrease Employment15.2 Increase Part-Time Workers16.7 Increase Outsourcing10.7 Increase prices28.8 Raise Healthcare Premiums 85.3 Raise Healthcare Deductibles91.2 Raise Out
Thursday, August 21, 2014
Andy Hoffman - Miles Franklin
Palpable Fear
In last month’s “Most Resolute Precious Metals Bulls,” we wrote of how whether a certain technical analyst’s prediction that a major PM attack was forthcoming, we wouldn’t need the slightest bit of “resolve” to maintain our physical gold and silver savings – which insure us against the inevitable fiat crash, and don’t become less “valuable” when attacked by naked shorting.  Regarding his reasoning, we disagree completely; as in our view, markets have been so distorted by government intervention,
Thursday, August 21, 2014
Mish - Global Economic Analysis
Spain Dips 37% Into Social Security "Piggy Bank", Fund Depletion in 4 Years at Current Rate; What, M
The "recovery" news in Spain keeps piling up. Via translation from El Economista, Government has already taken 37% of the total 'pensions piggy bank'. If extractions continue at the current rate, the fund would be exhausted in 4 years. The Government of Mariano Rajoy has released 24.65 billion euros of the Social Security Reserve Fund in less than two years. Such amount represents nearly 37% of the total 66.815 billion fund accumulation. That figure marks the highest cumulative piggy bank draw
Thursday, August 21, 2014

Advertising