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Most read articles
Chris Powell - GATA
Koos Jansen: The Chinese precious metals market is on fire 
China's gold demand, as signified by offtake from the Shanghai Gold Exchange, has reached "extraordinary" levels in recent days, while silver is growing shorter in supply as well, according to gold researcher and GATA consultant Koos Jansen, market analyst for Bullion Star in Singapore. Jansen's analysis is headlined "The Chinese Precious Metals Market Is on Fire" and it's posted at Bullion Star here: https://www.bullionstar.com/article/the%20chinese%20precious%20metals%20...
Monday, October 20, 2014
Jesse - Le Cafe Américain
Shanghai Posts 51.5 Tonnes of Gold For the Week: How Long Can the Gold Pool Be Sustained 
"For 'tis the sport to have the engineer Hoist with his own petard: and it shall go hard But I will delve one yard below their mines, And blow them at the moon." William Shakespeare, Hamlet The Shanghai Gold Exchange, where investors actually take their bullion rather than
Saturday, October 25, 2014
Chris Powell - GATA
Von Greyerz: Swiss gold referendum aims squarely at market manipulation
Swiss gold fund manager Egon von Greyerz today comments to King World News about the opinion poll showing strong support for the Swiss gold repatriation referendum proposal. Von Greyerz says: "The yes campaign starts this Thursday with a press conference. This is when it will put forward its arguments for this initiative. The Swiss government is against this initiative, as all governments are, because it takes away the government's ability to manipulate the currency and gold markets. Switzerlan
Wednesday, October 22, 2014
Chris Powell - GATA
Barron interviewed on 'peak gold,' mining costs, and Swiss referendum
Geologist and mining entrepreneur Keith Barron, interviewed by financial journalist Lars Schall for Matterhorn Asset Management's Gold Switzerland Internet site, discusses the mining industry's understatement of its exploration costs, the overstatement of the world's gold supply, the likelihood that the world has seen "peak gold" production, and the importance of the Swiss gold repatriation referendum, among other topics. The interview is 47 minutes long and can be heard at Gold Switzerland here
Wednesday, October 22, 2014
Chris Powell - GATA
James G. Rickards: In the year 2024 
Writing for The Daily Reckoning, fund manager, author, and geopolitical strategist James G. Rickards imagines life in the year 2024 as being under the totalitarian control of a world central bank that has outlawed not only gold but also markets and money itself. While Rickards' nightmare scenario is the perfectly logical consequence of the trend of central banking, we still have a few years to push the world toward a different future. Rickards' essay is headlined "In the Year 2024" and it's post
Wednesday, October 22, 2014
Chris Powell - GATA
  Greenspan says he's not aware of gold price suppression through central bank leasing
The opportunity to question former Federal Reserve Chairman Alan Greenspan about central bank intervention in the gold market was spectacularly fumbled today during Greenspan's appearance at the New Orleans Investment Conference. Interviewing Greenspan, conference moderator Gary Alexander asked if the former Fed chairman was aware of efforts by central banks to suppress the price of gold by leasing the metal to bullion banks, which would sell the metal into the market. "I'm not aware of anything
Sunday, October 26, 2014
Chris Powell - GATA
Poll finds support for Swiss gold repatriation referendum proposal
GoldCore's Mark O'Byrne reports today that the first opinion poll on Switzerland's gold repatriation referendum proposal shows 45 percent of respondents in favor and 39 percent opposed: http://www.goldcore.com/goldcore_blog/First_Swiss_Gold_Poll_Shows_Pro_Go...
Tuesday, October 21, 2014
Chris Powell - GATA
Gold price suppression documents cited in debate at New Orleans conference
Documents that were included in a PowerPoint presentation by your secretary/treasurer during his debate with Doug Casey of Casey Research on Thursday, October 23, at the New Orleans Investment Conference -- a debate whose proposition was "Gold Manpulation: Real or Imagined?," with your secretary/treasurer arguing that it is real -- are cited below, though, because of lack of time, not all of them were reviewed during the debate. The PowerPoint presentation, showing images of the documents, is po
Monday, October 27, 2014
Chris Powell - GATA
Big nations snub Beijing bank launch after US lobbying
http://www.ft.com/intl/cms/s/0/41c3c0a0-59cd-11e4-9787-00144feab7de.html BEIJING -- China will officially launch a new $50 billion Asia Infrastructure Investment Bank on Friday as it steps up its challenge to global financial institutions like the World Bank that it feels are dominated by America and its allies. But only 20 mostly small economies, many of them effectively client states of China, will become founding members of the bank at Friday's ceremony in Beijing after Washington lobbied fur
Thursday, October 23, 2014
Jesse - Le Cafe Américain
Gold Daily and Silver Weekly Charts - Spooky Janet and the Zombies of the American MIddle Class
Unlike the fiends of folklore fright; No coffin holds them safe for night. Our Vampires live amongst our ranks; And haunt us from their central banks. A. S. As a reminder tomorrow is a precious metal options expiration on the Comex.
Tuesday, October 28, 2014
Chris Powell - GATA
  First Majestic CEO wants silver miners to form counter-cartel against futures shorters
First Majestic Silver CEO Keith Neumeyer, interviewed by Future Money Trends, argues that silver miners should form a counter-cartel to combat the investment houses selling silver short on futures markets. The interview is 16 minutes long and can be heard at Future Money Trends here: http://www.futuremoneytrends.com/trend-videos/interviews/mining-ceo-seek...
Friday, October 24, 2014
Chris Powell - GATA
As gold smuggling rises, India's tax office calls for lower import duty
http://indianexpress.com/article/business/business-others/as-gold-smuggl... NEW DELHI, India -- Seizures of smuggled gold by the directorate of revenue intelligence has risen by an unprecedented 330 per cent during the April-September period as compared to last year, prompting the directorate to call on the finance ministry to bring down the import duty on the yellow metal and make smuggling less lucrative. This development comes even as gold imports have jumped by around 450 per cent year-on-ye
Monday, October 27, 2014
Chris Powell - GATA
Indian govt. freaks out at gold demand and will try to suppress imports again 
By Deepshikha Sikarwar The Times of India, Mumbai Monday, October 20, 2014 http://economictimes.indiatimes.com/markets/commodities/government-to-re... NEW DELHI -- Barely months after gold import rules were eased, the government is looking to re-impose curbs as the country's insatiable appetite has led to a surge in the yellow metal coming into India, threatening to undermine the improvement in external balances. The finance ministry's revenue department has flagged the issue and asked the Depar
Monday, October 20, 2014
Chris Powell - GATA
Negative interest rates threaten to destroy not just savers but IMF as well
* * * IMF Introduces Floor on Interest Rates By Robin Harding Financial Times, London Friday, October 24, 2014 http://www.ft.com/intl/cms/s/0/9b3ea266-5bcc-11e4-a674-00144feab7de.html WASHINGTON -- The International Monetary Fund has been forced to change the calculation of its most important interest rate after aggressive monetary easing around the world threatened to turn it negative. Late on Friday the IMF said it was introducing a floor of 0.05 per cent for the interest rate on Special Drawi
Saturday, October 25, 2014
Perth Mint Blog - Perth Mint Blog.
New Minted Bar Opens Gold Buying To All
BULLION BARS AND COINS Are you curious about buying gold but reluctant to take the plunge because of price? This petite 1 gram addition to the Kangaroo Minted Gold Bar Series could be exactly what you’ve been waiting for. Easily affordable, it’s an ideal first-time purchase for anyone starting to invest in gold! Struck by The Perth Mint from 99.99% pure gold, the bar features the Mint’s LBMA-registered and internationally recognised stamp on the front and attractive kangaroo motifs on t
Tuesday, October 28, 2014
Chris Powell - GATA
China's gold hunger surprises even Russia, Ing tells KWN
In an interview with King World News, John Ing of Maison Placements in Toronto says that even Russia is surprised by China's determination to obtain gold with which China's currency, the renminbi, could be backed. An excerpt from the interview is posted at the KWN blog here: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/10/20_R...
Monday, October 20, 2014
Chris Powell - GATA
Hugo Salinas Price: The fall in international reserve assets
Hugo Salinas Price, president of the Mexican Civic Association for Silver, writes tonight that the international reserve assets of central banks, having long increased steadily, have been declining in recent weeks, apparently for the first time in 18 years. He's looking for explanations. His commentary is headlined "The Fall in International Reserve Assets" and it's posted at the association's Internet site, Plata.com, here: http://www.plata.com.mx/mplata/articulos/articlesFilt.asp?fiidarticul
Thursday, October 30, 2014
Jesse - Le Cafe Américain
Naomi Klein on Global Neoliberalism

Sunday, October 26, 2014
Chris Powell - GATA
China launches direct trade between yuan, Singapore dollar, bypassing U.S. dollar 
http://english.cntv.cn/2014/10/27/ARTI1414401659567921.shtml BEIJING -- China on Monday announced direct trading between the renminbi and Singapore dollar beginning Tuesday, marking another step toward internationalizing the Chinese currency. The announcement by China Foreign Exchange Trading System extended the yuan's list of direct onshore trade to more major currencies, including the U.S. dollar, the euro, British sterling, Japanese yen, Australian dollar, New Zealand dollar, Malaysian ringgi
Monday, October 27, 2014
Jesse - Le Cafe Américain
Yellen's Big Trickle Down Dilemma
Why is the economy so sluggish? Even if real wages are stagnant, and consumers are tapped, the Banks have been saved and stand ready to loan from an abundance of freshly created money that they can obtain for almost nothing.
Saturday, October 25, 2014
Chris Powell - GATA
Foreign central banks cut U.S. bond stakes to lowest since May
Foreign central banks slashed their holdings of U.S. Treasuries at the Federal Reserve to their lowest level since May, Fed data released on Thursday showed. Analysts said the decline in U.S. government bond holdings likely stemmed from a combination of factors including booking profits on the recent rally in Treasuries, and the dollar which hit a four-plus year peak earlier this month. "Some central banks might be selling dollars to arrest its rise against their currencies. While export-oriente
Friday, October 24, 2014
Chris Powell - GATA
Goldcorp chief says Asian buying will support price of gold
Demand from China and other parts of Asia will support the price of gold, the chief executive of one of its largest miners said, as the precious metal traded near its strongest level in six weeks. Chuck Jeannes of Goldcorp said he saw "as much clarity in the market as there has ever been," with a "floor" created by strong demand whenever gold reached or fell below about $1,200 per ounce. "The anecdotal evidence is that gold goes down and physical demand goes up," Mr. Jeannes said in an interview
Thursday, October 23, 2014
Chris Powell - GATA
Australian scholar says futures markets suppress commodity prices, keep producing nations poor
Fourteen years ago the British economist Peter Warburton wrote that Western central banks were using the futures and derivatives markets and intermediary investment banks to control commodity prices -- http://www.gata.org/node/8303 -- giving rise to the adage: "The futures markets aren't manipulated. The futures markets are the manipulation." Today MineWeb's Lawrence Williams interviews a mathematician and former stockbroker who holds a doctorate in math from the University of Melbourne, Austral
Tuesday, October 28, 2014
Jesse - Le Cafe Américain
Gold Daily and Silver Weekly Charts - FOMC and the Usual Shenanigans
The Fed announced the end of QE III today as had been expected by almost everyone. And after a pause on the news, the dollar soared, precious metals and oil dumped, and stocks slumped, although stocks came back to nearly unchanged by the end of day. See the commentary on stocks below for more about what the Fed said today. Nothing has changed. Not one thing. And that is about nine-tenths of the problem that is causing this six year non-recovery for Main Street.   We still have a rotten f
Wednesday, October 29, 2014
Jesse - Le Cafe Américain
The American Dream By Joe the Angry Hawaiian 
This is from the Big Island.  The natives seem restless. "Democracy in a free market capitalistic society today only exists in the imaginations of sleep-walkers in the American Dream. The idea of honest, hard work being suitably rewarded has become a mind-numbing slogan that is now just beginning to wear off in the minds of some Americans. While Americans were working and playing hard, our representational democracy has evolved into a political system that has been completely and utterly bo
Tuesday, October 21, 2014
Jesse - Le Cafe Américain
Shanghai Delivers 51.5 Tonnes of Gold For the Week: How Long Can the Gold Pool Be Sustained 
"For 'tis the sport to have the engineer Hoist with his own petard: and it shall go hard But I will delve one yard below their mines, And blow them at the moon." William Shakespeare, Hamlet The Shanghai Gold Exchange, where investors actually take delivery of bullion rather than just play liar's poker with multiple paper claims
Saturday, October 25, 2014
Chris Powell - GATA
Recovery impossible within the current monetary system, Embry tells KWN
Incomprehensible debt, derivatives, and algorithmic trading in financial instruments have made a worldwide economic recovery impossible within the current monetary system, Sprott Asset Management's John Embry tells King World News today: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/10/27_E...
Tuesday, October 28, 2014
Julian D. W. Phillips - Gold Forecaster
  Gold & Silver Market Morning: Oct-28-2014
Gold Today – The gold price closed at $1,229 down $2.00 on Monday. Asia and London held it there until the Fix which was set at.The euro is slightly stronger this morning at $1.2699. The Fix was set $1,228.75 down $1.75 and in the euro at €966.835 down €3.744, while the euro stood stronger at $1.2709. The volumes of gold traded were one seller selling 36,000 ounces and one buyer buying24,000 ounces before the pro-rata process kicked in.Ahead of New York’s opening, gold was trading at $1,228.40 a
Tuesday, October 28, 2014
Jesse - Le Cafe Américain
Gold Daily and Silver Weekly Charts - Audacious Oligarchy - Ten Tonnes of Gold Taken Out of JPM? 
"When, O Catiline, do you mean to cease abusing our patience? How long is that madness of yours still to mock us? When is there to be an end of that unbridled audacity of yours, swaggering about as it does now? Marcus Tullius Cicero,  In Catilinam I There was little of note in the Comex delivery report but there was a sizable withdrawal of gold reported from storage at the JP Morgan warehouse, about a third of the total at ten tonnes.   Let's see if that turns up anywhere, or is another f
Friday, October 24, 2014
Jesse - Le Cafe Américain
SP 500 and NDX Futures Daily Charts - The Downward Spiral of Dumbness 
"The Committee anticipates, based on its current assessment, that it likely will be appropriate to maintain the 0 to 1/4 percent target range for the federal funds rate for a considerable time following the end of its asset purchase program this month, especially if projected inflation continues to run below the Committee's 2 percent longer-run goal, and provided that longer-term inflation expectations remain well anchored. However, if incoming information indicates faster progress toward the
Wednesday, October 29, 2014
Jesse - Le Cafe Américain
Lower Gold Prices Prompt Large BRIC Purchases 
Apparently those lower gold prices proved attractive to the BRICS. Not all the economic theorems are utopian myths.  Supply and Demand still works now and then. There was a sea change in the international gold markets around 2005, as central banks became net buyers for the first time in over twenty years, and few even know about it. Russia saw it's largest monthly purchase of gold in 15 years with 1.2 million ounces China's had its third largest flows of gold bullion from Shanghai at 68.4 t
Monday, October 20, 2014
Jesse - Le Cafe Américain
The Reason There Has Been No Sustainable Recovery In One Chart
“When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done” John Maynard Keynes   How can an economy based on printing money and financial repression achieve self-sustaining organic growth? Where is the growth in aggregate demand fueled by an increase in wages? Is the great mass of the public thriving, or barely surviving? Why is it that discussing these basic issues is difficult without denigrating and blaming the victim
Saturday, October 25, 2014
Jesse - Le Cafe Américain
The Age of Narcissism
"Suddenly, abused and battered wives or children, the unemployed, the depressed and mentally ill, the illiterate, the lonely, those grieving for lost loved ones, those crushed by poverty, the terminally ill, those fighting with addictions, those suffering from trauma, those trapped in menial and poorly paid jobs, those whose homes are in foreclosure or who are filing for bankruptcy because they cannot pay their medical bills, are to blame for their negativity. The ideology justifies the cruelt
Monday, October 20, 2014
Chris Powell - GATA
Money is free in Sweden, if the central bank likes you
By Anirban Nag Reuters Tuesday, October 28, 2014 LONDON -- The Swedish crown hit a four-year low against the dollar and a four-month trough against the euro on Tuesday after Sweden's central bank surprised investors by cutting interest rates to a record low of zero percent. Most analysts had forecast the Riksbank would lower its main interest rate, the repo rate, to 0.1 percent from 0.25 percent to fight a risk of deflation, and the central bank went a step further by forecasting a lower rate pa
Tuesday, October 28, 2014
Jesse - Le Cafe Américain
Yellen's Trickle Down Dilemma
Why is the economy so sluggish? Even if real wages are stagnant, the Banks have been saved and stand ready to loan from an abundance of freshly created money that they can obtain for almost nothing.
Saturday, October 25, 2014
Chris Powell - GATA
Markets will start testing Fed to see if QE is really over, former Fed aide tells KWN
Former Federal Reserve official Andrew Huzsar tells King World News tonight that the markets are likely to start testing the Fed's commitment to end the bond monetization of "quantitative easing." "I see a tug of war between the Fed and the market," Huszar says, "because the Fed ultimately does want to disengage from being so active in key markets. Today the Fed used language that implied that they may raise interest rates sooner. I strongly believe that the market will effectively push back aga
Thursday, October 30, 2014
Chris Powell - GATA
More nations are trying to get out from under the U.S. dollar, Putin says 
By Stepan Kravchenko Bloomberg News Friday, October 24, 2014 http://www.bloomberg.com/news/2014-10-24/putin-accuses-u-s-of-blackmail-... MOSCOW -- The U.S. is behaving like "Big Brother" and blackmailing world leaders while making imbalances in global relations worse, Russia's president said. Current conflicts risk bringing world order to collapse, Vladimir Putin told the annual Valdai Club in the Black Sea resort of Sochi. The Cold War's "victors" are dismantling established international laws
Saturday, October 25, 2014
Jesse - Le Cafe Américain
  Gold Daily and Silver Weekly Charts - Spooky Janet and the American MIddle Class Zombies
Unlike the fiends of folklore fright; No coffin holds them safe for night. Our Vampires live amongst our ranks; And haunt us from their central banks. A. S. As a reminder tomorrow is a precious metal options expiration on the Comex. Wednesday is an FOMC announcement. Let's see if the hinted extension of QE transpires.   As if. The Tories are trying to offset the subsidies for their wealthy by declaring their disabled 'fit to work' and slashing their benefits.  And here I tho
Monday, October 27, 2014
Jesse - Le Cafe Américain
  SP 500 and NDX Futures Daily Charts - FOMC Tomorrow and the End of QE III
The Street hit the stock market with tranquilizers and vitamins ahead of the end of QE III which will most likely come tomorrow with the Fed's afternoon FOMC announcement. I expect the market to be supported, and perhaps find support as well. This is a technically traded, highly dangerous market beneath the surface calm. Have a pleasant evening.
Tuesday, October 28, 2014
Chris Powell - GATA
Koos Jansen: It's official -- China's gold demand in 2013 was 2,199 tonnes
The China Gold Association has confirmed that China's gold offtake in 2013 reached 2,200, Bullion Star market analyst and GATA consultant Koos Jansen reports today. That would constitute most of world gold mine production and the figure apparently does not include purchases by the People's Bank of China, which remain the most sensitive state secret. "Why the Western media don't report on these numbers is a mystery," Jansen writes. "This data is not a secret. Yet the Chinese have been trying to h
Wednesday, October 22, 2014
Jesse - Le Cafe Américain
'Confidence' Is a Corollary In a Fiat Culture:
"When the political process becomes controlled by multi-national corporate interests, the US government becomes a tool of those interests. When multi-national corporations own the mass media as they presently do, honest democratic debate becomes unlikely. As we witness corporate power becoming a dominate force in international relationships, it will surely continue to diminish independent national sovereignty under the banner of 'free trade.'" Joseph A. Economists are fretting about the current
Monday, October 20, 2014
Jesse - Le Cafe Américain
FOMC On QE III: Mission Accomplished 
It is mission accomplished for the Fed's third stimulus program, if one keeps in mind that Quantitative Easing is a subsidy program for the one percent and Wall Street, not the general public and Main Street. It is the fallacy of trickle down economics at its most blind and pernicious. At the end of the day, the Fed's objective has been to subsidize and preserve their owners in the Banking System, largely intact, down to their thoroughly rotten core.   The Fed is not the government.  The Fed w
Wednesday, October 29, 2014
Jesse - Le Cafe Américain
SP 500 and NDX Futures Daily Charts - Pause, Consolidation, and Infamy
"In the last days, perilous times shall come. For men shall be lovers of their own selves, covetous, boasters, traitors, heady, high-minded having a form of godliness, but denying the power thereof. Evil men and seducers shall wax worse and worse, deceiving and being deceived." John Henry Newman And high amongst those self deceptions is the arrogance to presume that the killing of innocents is somehow justified by the ends, as some form of recompense for other evils done, or as a public stateme
Thursday, October 23, 2014
Jesse - Le Cafe Américain
Gold Daily and Silver Weekly Charts - Consolidation Day and Tragedy In Canada
"Anger is the enemy of non-violence, and pride is a monster that swallows it up." Mahatma Gandhi There was a terrible shooting of some innocent people near the Parliament in Ottawa today. Such actions are never justified, and are simply murder, no matter what rationales some may wish to put forward. That these types of things may be used to promote oppressive responses by some is simply a doubling of the tragedy and injustice. As Gandhi said, 'an eye for an eye makes the whole world blind.'
Thursday, October 23, 2014
Jesse - Le Cafe Américain
The Reason There Has Been No Sustainable Recovery
“When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done” John Maynard Keynes   How can an economy based on printing money and financial repression for a broken financial system achieve self-sustaining organic growth? Where is the growth in aggregate demand fueled by a growth in employment and an increase in median wages?
Saturday, October 25, 2014
Chris Powell - GATA
Currency wars are back: 'Export your deflation to someone else'
http://www.bloomberg.com/news/2014-10-22/currency-wars-evolve-with-goal-... Currency wars are back, though this time the goal is to steal inflation, not growth. Brazil Finance Minister Guido Mantega popularized the term "currency war" in 2010 to describe policies employed at the time by major central banks to boost the competitiveness of their economies through weaker currencies. Now, many see lower exchange rates as a way to avoid crippling deflation. Weak price growth is stifling economies fro
Wednesday, October 22, 2014
Chris Powell - GATA
Kinross to sell halted Ecuador gold project to Lundin company
Kinross Gold Corp has agreed to sell its halted Fruta del Norte gold project in Ecuador to a company belonging to the Swedish-Canadian Lundin family for $240 million, Kinross and the company, Fortress Minerals Corp., said today. Toronto-based Kinross acquired the project in 2008 with its $1.2 billion friendly takeover of Aurelian Resources, and once called it "one of the most exciting gold discoveries of the past 15 years." But last year it suspended work on the gold project, Ecuador's largest,
Wednesday, October 22, 2014
Chris Powell - GATA
Debt must be inflated away or repudiated, Steer tells Sprott Money News
The world economy is declining under the burden of too much debt and only inflating it away or repudiating it will change anything, financial letter writer and GATA board member Ed Steer tells the Sprott Money News weekly wrapup with Jeff Rutherford. Steer adds that the futures markets in New York are suppressing commodity prices and distorting all prices. The interview is six minutes long and can be heard at the Sprott Money News Internet site here: http://www.sprottmoney.com/sprott-money-weekl
Wednesday, October 29, 2014
Chris Powell - GATA
Russia buys most gold for reserves since financial crisis of 1998
LONDON -- Russia boosted gold reserves by the most since defaulting on local debt in 1998, driving its bullion holdings to the largest in at least two decades. The country expanded its stockpile, the world's fifth-biggest, by 37.2 metric tons in September to 1,149.8 tons, according to data on the International Monetary Fund's website. The increase, valued at about $1.5 billion, was the biggest since November 1998. Russian reserves, which overtook those of Switzerland and China this year, almost
Wednesday, October 29, 2014
Chris Powell - GATA
MineWeb's Lawrence Williams: Large supply deficit in gold is likely ahead
While the mainstream financial news media are determined to overlook it, MineWeb's Lawrence Williams writes, China and India alone appear to be taking each month more gold than is being produced. "All indicators suggest that there could indeed be a very large supply deficit building," Williams writes. He adds: "One day gold will surely take off but whether it's this week, next week, next month, next year, or 10 years' time remains open to question. It just depends on how long the big money, and
Wednesday, October 29, 2014
Chris Powell - GATA
Grant Williams: This little piggy bent the market
In his latest "Things That Make You Go Hmmm. ..." letter Singapore-based fund manager Grant Williams examines the history, objectives, and prospects of Switzerland's gold initiative referendum proposal, along with the duplicity and hypocrisy of the Swiss National Bank. Williams' letter is headlined "This Little Piggy Bent the Market" and it's posted at the Mauldin Economics Internet site here: http://www.mauldineconomics.com/ttmygh/this-little-piggy-bent-the-market
Tuesday, October 28, 2014
Chris Powell - GATA
MineWeb's Williams praises GATA consultant Jansen's work on China gold demand data
MineWeb's Lawrence Williams today praises gold researcher and GATA consultant Koos Jansen for getting to the heart of Chinese gold demand data that shows that China's gold offtake is much greater than generally reported. Williams writes: "Once again it has taken Koos Jansen to let the world know what the real figures for Chinese gold demand and gold import figures were for last year. The data was actually published in Mandarin Chinese in September with the release of the 2014 China Gold yearbook
Friday, October 24, 2014
Jesse - Le Cafe Américain
  Gold Daily and Silver Weekly Charts - Quiet Option Expiration, Markets In Lockdown
One of the savvier traders and commentators I know told me this morning that 'the markets are in lockdown,' and I think he had it exactly right. The Fed is very sensitive to provoking a market sell off in anything except precious metals perhaps when they formally announce the end to QE III tomorrow. I would expect an extra effort to placate stocks and bonds. Moderate growth, low inflation, all is well, but we'll act quickly in case anything upsets our clientele on Wall Street. As for Main S
Tuesday, October 28, 2014
Jesse - Le Cafe Américain
  Chris Hedges: The Myth of a Free Press 
The bias in the US media towards corporate and special interests is apparent in some sources more easily and readily than in others, especially if one has access and bothers to look at a broad base of international news sources.  The great change was institutionalized with the overturn of the Fairness Doctrine under Reagan in 1985 and the revoking of media ownership restrictions from 1934 and 1975 under the Clinton administration's Telecommunications Act of 1996. What has changed perhaps is
Monday, October 27, 2014
Jesse - Le Cafe Américain
Gold Daily and Silver Weekly Charts - Post Stock Option Expiration Rally
Gold and even the somewhat hapless silver managed to pull together a modest rally today, after the stock market option expiration we saw last Friday. The miners and associated precious metals plays had been beaten with an ugly stick. So what next? We have a Comex option expiration for the precious netals next Tuesday for the November contracts. I have included a little data from the deliveries in gold, which were a bit more than one would expect for an inactive month. And there continue to
Tuesday, October 21, 2014
Chris Powell - GATA
Bill Holter analyzes gold manipulation debate at New Orleans conference
Market analyst Bill Holter, who writes for the Miles Franklin coin and bullion shop in Minnesota and GATA Chairman Bill Murphy's LeMetropoleCafe.com, today analyzes the gold manipulation debate between your secretary/treasurer and Doug Casey of Casey Research at the New Orleans Investment Conference last Thursday: http://blog.milesfranklin.com/the-debate-if-you-can-call-it-that
Monday, October 27, 2014
Jesse - Le Cafe Américain
Nomi Prins: Why the Financial and Political Systems Failed
Nomi Prins calls out the policy error deluxe that has been the topic of so much commentary at Le Café over the past few years. What is perhaps most striking is that this failure is so bipartisan in a time of contentiousness.   It crosses not only parties but professions, from academics to politicians. As you know I have featured several articles and videos of hers as she introduces her latest book, All the President's Bankers which is insightful, well-founded and researched, and es
Wednesday, October 29, 2014
Chris Powell - GATA
Strong economies correlate with sound money, not depreciating money, Turk tells KWN
GoldMoney founder and GATA consultant James Turk today tells King World News that the referendum on the gold initiative in Switzerland is a contest between sound money and financial repression by central banks and that strong economies correlate with sound money, not with ever-depreciating money as central banks pretend. Turk's interview is posted at the KWN blog here: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/10/27_J...
Monday, October 27, 2014
Julian D. W. Phillips - Gold Forecaster
Gold & Silver Market Morning: Oct-27-2014 
Gold Today – The gold price closed at $1,231.20 down $10.30 on Friday. Asia and London held it there until the Fix which was set at.The euro is slightly stronger this morning at $1.2682. The Fix was set $1,230.50 down $10.00 and in the euro at €970.579 down €9.356, while the euro stood stronger at $1.2678. The volumes of gold traded were two sellers selling 36,000 ounces and two buyers buying 28,000 ounces before the pro-rata process kicked in.Ahead of New York’s opening, gold was trading at $1,
Monday, October 27, 2014
Jesse - Le Cafe Américain
First Poll In Swiss Gold Referendum Shows Tight Race
It looks even to me with all those undecided and probably vote. Let the games and fear-mongering begin.
Tuesday, October 21, 2014
Chris Powell - GATA
  Sprott covers Chinese demand, GLD's decline, and investor mistakes
Eric Sprott, CEO of Sprott Asset Management in Toronto, was interviewed last week by the TF Metals Report's Turd Ferguson, discussing gold demand from China, the removal of gold from the exchange-traded fund GLD, methods of evaluating mining stocks, the mistakes gold and silver investors have made in recent years, and the continuing deviation of gold and silver prices from historical norms. The interview can be heard at the TF Metals Report's Internet site here: http://www.tfmetalsreport.com/pod
Sunday, October 19, 2014
Jesse - Le Cafe Américain
SP 500 and NDX Futures Daily Charts - Twitter Spanked After Hours 
Stocks were trading weakly most of the day, with a late day push for the green into the close. After hours Twitter was down about 8% on a lackluster earnings report. The US equity market is thinly traded and highly driven by technical (up) and any exogenous events which, if negative, could precipitate a violent sell off. Let's see how they manage the formation of this current bubble, and how soon it will be before it meets El Cliffo.  Have a pleasant evening.
Monday, October 27, 2014
Julian D. W. Phillips - Gold Forecaster
Gold & Silver Market Morning 
Gold Today – The gold price closed at $1,246.10 up $8.30 on Friday. Asia and London took it higher to $1,253.40.The euro is stronger this morning at $1.2828 up from $1.2756. The Fix was set $1,251.75 up $10.75 and in the euro at €978.847 up €6.20, while the euro stood stronger at $1.2788. The volumes of gold traded were one seller selling 8,000 ounces and one buyer buying 16,000 ounces before the pro rata arrangement kicked in.Ahead of New York’s opening, gold was trading at $1,249.30 and in the
Tuesday, October 21, 2014
Jesse - Le Cafe Américain
Gold Daily and Silver Weekly Charts - Audacious Oligarchy - Ten Tonnes of Gold Taken Out of JPM
"When, O Catiline, do you mean to cease abusing our patience? How long is that madness of yours still to mock us? When is there to be an end of that unbridled audacity of yours, swaggering about as it does now? Marcus Tullius Cicero,  In Catilinam I There was little of note in the Comex delivery report but there was a sizable withdrawal of gold reported from storage at the JP Morgan warehouse, about a third of the total at ten tonnes.   Let's see if that turns up anywhere,
Friday, October 24, 2014
Chris Powell - GATA
At King World News, Sperandeo, Celente, and Mauldin
At King World News, market analyst Victor Sperandeo says traders enjoy the current stock market because the Federal Reserve repeatedly has manipulated it back up: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/10/23_L... Also at KWN, trends forecaster Gerald Celente says that the more governments try to keep their economies going with money creation, the more support will be given to the price of gold: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/10/24_C...
Friday, October 24, 2014
Julian D. W. Phillips - Gold Forecaster
Gold & Silver Market Morning 
Gold Today – The gold price closed at $1,229 down $2.00 on Monday. Asia and London took it up to $1,230.30.The euro is stronger this morning at $1.2735. The Fix was set $1,229.25 up $0.50 and in the euro at €964.572 down €2.263, while the euro stood stronger at $1.2744. The volumes of gold traded were one seller selling 30,000 ounces and three buyers buying 50,000 ounces before the pro-rata process kicked in.Ahead of New York’s opening, gold was trading at $1,228.80 and in the euro at €965.01.Si
Wednesday, October 29, 2014
Jesse - Le Cafe Américain
An Index of Global Stock Indices Is Starting To Roll Over
Here is an 'index of global indices' that is tracked as a stock sentiment indicator by Nick Laird at Sharelynx.com. The red line is the 200 DMA. The index includes the Dow Jones Industrials/Transports/Utilities, NYSE, SP500, Nasdaq, Russell 2000, Hong Kong HSI, Nikkei 225, Singapore STI, Australian AORD, Toronto 300, Mexico IPC, FTSE 100, France CAC, Germany DAX, and Swiss SMI. Each of the index's 17 components is arithmetically averaged giving them an equal weighting You will notice that
Saturday, October 11, 2014
Julian D. W. Phillips - Gold Forecaster
Gold & Silver Market Morning
Gold Today – The gold price closed at $1,237.80 down $1.70 on Friday. Asia and London took it higher $1,242.The euro is weaker this morning at $1.2756. The Fix was set $1,241.00 up $3.00 and in the euro at €972.647 up €5.762, while the euro stood stronger at $1.2759. The volumes of gold traded were two seller selling 40,000 ounces and one buyer buying 20,000 ounces before the pro rata arrangement kicked in.Ahead of New York’s opening, gold was trading at $1,241.55 and in the euro at €972.09.Silv
Monday, October 20, 2014
Jesse - Le Cafe Américain
Shanghai Delivers 51.5 Tonnes of Gold For the Week
The Shanghai Gold Exchange, where investors actually take delivery of bullion rather than just play liar's poker with multiple paper claims for the same ounce, delivered 51.5 tonnes of gold bullion in the latest week. The trend of daily deliveries has been rising the last 12 weeks. Shanghai talks, and Wall Street walks. This chart from the data wrangler Nick Laird at Sharelynx.com.
Saturday, October 25, 2014
Chris Powell - GATA
Top bullion consumer China works on first gold forwards, options
The Shanghai Gold Exchange is working on plans for China's first forwards and options in gold, sources say, potentially putting China ahead in the race to set an Asian pricing benchmark that might eventually rival the London gold fix. China, which overtook India last year to become the world's biggest consumer of gold, bans trading in commodity options and forwards at present to limit speculation. But Beijing is setting the stage for the launch of such derivatives as it opens up its markets, and
Wednesday, October 22, 2014
Jesse - Le Cafe Américain
Gold Daily and Silver Weekly Charts - Plus C'est la Même Chose - Mandatory Quarantines
Gold and silver were stopped in their tracks, as the price dominant Comex continues to exert its inordinate influence over the real world economies. There was apparently little activity in the Comex delivery and so they did not bother to issue a report yet today. In silver there was a rather large deposit of silver bullion of about 2,258,516 ounces into the HSBC warehouse as you can see below. Next week is a Tuesday precious metal option expiration on the Comex. There is also an FOMC
Saturday, October 25, 2014
Jesse - Le Cafe Américain
SP 500 and NDX Futures Daily Charts - Shooting Shorts in a Barrel
The wiseguys decided to try and 'take it up' to squeeze the lazy shorts who were overstaying their positions.  As one trader said, 'it is like shooting fish in a barrel.' There was steady buying on relaxed volume for much of the day in the futures. Not much in the way of economic data this week. Have a pleasant evening.
Tuesday, October 21, 2014
Jesse - Le Cafe Américain
SP 500 and NDX Futures Daily Charts - V Bottom Back To 50 DMA
“America is the wealthiest nation on Earth, but its people are mainly poor, and poor Americans are urged to hate themselves... Americans, like human beings everywhere, believe many things that are obviously untrue. Their most destructive untruth is that it is very easy for any American to make money. They will not acknowledge how in fact hard money is to come by, and, therefore, those who have no money blame and blame and blame themselves. This inward blame has been a treasure for the rich and
Saturday, October 25, 2014
Jesse - Le Cafe Américain
Reprise: Who Was 'the Frenchman Who Wept' For HIs Country?
Here is an iconic photograph that I have seen in any number of documentaries, generally identified as a Frenchman who weeps for his city as the Nazis march into Paris. I have always been curious about this photo. I wondered where it came from and who this person was.  It has a certain tragic dignity about it. Here is what I have been able to discover. This photo first appeared in print in Life Magazine in their 3 March 1941 i
Wednesday, October 22, 2014
Julian D. W. Phillips - Gold Forecaster
Gold & Silver Market Morning
Gold Today – The gold price closed at $1,211.20 down $17.80 on Wednesday. Asia and London took down to $1,204.80.The euro is weaker this morning at $1.2587 down 1.48 cents on the day. The Fix was set $1,205.75 down $23.50 and in the euro at €958.085 down €6.487, while the euro stood weaker at $1.2585. The volumes of gold traded were two sellers selling 40,000 ounces and two buyers buying 24,000 ounces before the pro-rata process kicked in.Ahead of New York’s opening, gold was trading at $1,206.2
Thursday, October 30, 2014
Chris Powell - GATA
Paying people their worth in gold -- a first in Singapore
http://www.channelnewsasia.com/news/singapore/paying-people-their-worth/... SINGAPORE -- How would you like to be paid your worth in gold? Singapore-based precious metals dealer BullionStar is doing just that by rewarding staff with the commodity as salary, and it says it is the first in the country to do so. Here is how it works: If, for example, you earn S$3,200 a month, you can choose to be paid in two gold bars each worth S$1,600. Theoretically, if you are a high earner drawing a pay of S$51
Friday, October 24, 2014
Julian D. W. Phillips - Gold Forecaster
Gold & Silver Market Morning
Gold Today – The gold price closed at $1,241.50 down $6.80 on Wednesday. London took it down to $1,243.The euro is weaker this morning at $1.2640 down half a cent on yesterday. The Fix was set $1,240.50 down $6.25 and in the euro at €979.935 down €2.145, while the euro stood stronger at $1.2659. The volumes of gold traded were two sellers selling 16,000 ounces and no buyers.Ahead of New York’s opening, gold was trading at $1,238.80 and in the euro at €978.21.Silver Today – The silver price close
Thursday, October 23, 2014
Chris Powell - GATA
Swiss gold initiative advocates professionalize their campaign and need your help
The campaign in support of the gold referendum initiative in Switzerland on November 30 has been professionalized, erecting a comprehensive Internet site -- http://gold-initiative.ch/aktuell/ -- which, while in German, can be automatically translated into English if visited via a Google Chrome Internet browser. Donations in support of the campaign are being collected at the Gold Switzerland Internet site, operated by Matterhorn Asset Management, whose managing partner, Egon von Greyerz, is a pri
Monday, October 27, 2014
Chris Powell - GATA
Three major nations absent as China launches rival to Western development bank
SHANGHAI -- Australia, Indonesia, and South Korea skipped the launch of a China-backed Asian infrastructure bank on Friday as the United States said it had concerns about the new rival to Western-dominated multilateral lenders. China's proposed $50 billion Asian Infrastructure Investment Bank is seen as a challenge to the World Bank and Asian Development Bank, both multilateral lenders that count Washington and its allies as their biggest financial backers. China, which is keen to extend its inf
Friday, October 24, 2014
Jesse - Le Cafe Américain
  Henry Giroux On the Rise of Neoliberalism As a Political Ideology 
I think this highlights the false dichotomy between communism and market capitalism that was created in the 1980's.   The dichotomy was more properly between communist government and democracy, of the primacy of the individual over the primacy of the organization and the state, as embodied in fascism and the real world implementations of communism.  But we never think of it that way any more, if at all.  It is one of the greatest public relation coups in history.  One form of organizational op
Thursday, October 23, 2014
Jesse - Le Cafe Américain
Gold Daily and Silver Weekly Charts - Slowly Higher, More Gold Withdrawals
The precious metals managed to drift higher, with some capping action in the late afternoon. There was a rumour this morning that the ECB would start buying corporate debt at the end of this year, and visions of QE European Style had stocks zooming, and the precious metals were in rally mode, even that poor old mule silver. But capping came into play, as stocks continued on their short squeeze, helping to ease the pain that the hedge funds were dealt just a week ago. There seems to be quite a
Wednesday, October 22, 2014
Chris Powell - GATA
Chris Powell: The crucial questions financial journalism won't ask and central banks won't answer
For many years this conference has bravely invited GATA Chairman Bill Murphy and me to speak here about the evidence of manipulation of the gold market, particularly manipulation undertaken directly or indirectly by central banks, and every year there has been new documentation to report. This documentation has been compiled at GATA's Internet site, GATA.org, whose home page you can see here -- http://www.gata.org -- with the "Documentation" section noted at the top left, along with a section ca
Friday, October 24, 2014
Jesse - Le Cafe Américain
  Harvey Organ's Gold and Silver Blog Has Been 'Deleted by Court Order' 
Several patrons have asked me if I know what has happened to Harvey Organ's popular precious metals blog. I have been informed that his blog on Google blogger has been 'deleted by court order.' The terms of the order or the issuer have not been specified. I had thought Harvey's blog was fairly benign.  I don't read it that often these days, and I do not wish to care to speculate. This is all that I know. Here's looking at you, kid.
Saturday, October 11, 2014
Chris Powell - GATA
Alasdair Macleod: Markets and reality disconnected
Government intervention in markets is only part of the disconnection of markets from reality, GoldMoney research director Alasdair Macleod writes today. "Ordinary people have given their savings and pension funds to professionals who speculate on their behalf," Macleod writes. "It is the professionals who talk about the Yellen put, meaning that the Fed simply won't let prices fall significantly. We can fret about who is actually responsible for market distortions; instead we should ask who bene
Friday, October 24, 2014
Jesse - Le Cafe Américain
Why China Is the Golden Dragon In the Room That So Few Will Even Discuss
This analysis originally appeared at the USAGold website. Why China thinks gold is the buy of the century   by Michael J. Kosares    Let's start with some big, but digestible numbers: $3,950,000,000,000 = China’s total foreign exchange reserves $1,250,000,000,000 = Value of the world’s 31,866 metric tonnes gold reserve at $1220/troy ounce ____________________________________________________
Wednesday, October 01, 2014
Chris Powell - GATA
Goldbroker puts French subtitles on GATA secretary's interview with Larry Parks
While your secretary/treasurer took four years of it in high school, when it comes to French he still doesn't know "merde." Fortunately GATA's friends at bullion dealer Goldbroker.com -- https://www.goldbroker.com/ -- are fluent in the language and, thinking well of your secretary/treasurer's recent half-hour interview on "The Larry Parks Show" in New York, have affixed French subtitles to the video. Now you can both hear the interview in English and read it in French at the same time. English s
Tuesday, October 21, 2014
Jesse - Le Cafe Américain
SP 500 and NDX Futures Daily Charts - Do HFT Algos Dream of Electronic Sheep?
Stocks were off to the races this morning as the short squeeze gathered some new momentum from the 'better than expected' results in global PMI overnight. Stocks were interrupted in their ascent in the later afternoon on a flash report that a doctor who had been caring for the sick in Africa is being tested for ebola at Bellevue Hospital in NYC. Stocks lost almost half their gains quickly as the algos saw the headline and triggered selling, and then recovered a bit into the close. This is a t
Friday, October 24, 2014
Chris Powell - GATA
Forex-rigging fines against banks could reach $41 billion worldwide, Citi report says
http://www.bloomberg.com/news/2014-10-20/forex-rigging-fines-could-hit-4... LONDON -- Probes into allegations that traders rigged foreign-exchange benchmarks could cost banks as much as $41 billion to settle, Citigroup Inc. analysts said. Deutsche Bank is seen as probably the "most impacted" with a fine of as much as 5.1 billion euros ($6.5 billion), Citigroup analysts led by Kinner Lakhani said yesterday, estimating that the Frankfurt-based bank's settlements could reach 10 percent of its tangi
Wednesday, October 22, 2014
Chris Powell - GATA
Koos Jansen: China's gold demand reaches 1,541 tonnes so far this year
China's gold demand has reached 1,541 tonnes so far this year, Bullion Star gold researcher and GATA consultant Koos Jansen reports today, adding that the new international exchange in Shanghai will be complicating demand calculations. Jansen's commentary is headlined "Chinese Gold Demand 1,541 Tonnes YTD" and it's posted at Bullion Star here: https://www.bullionstar.com/blog/koos-jansen/chinese-gold-demand-1541t-y...
Thursday, October 30, 2014
Chris Powell - GATA
GATA favorites will participate in eMoney Show, an Internet conference Nov. 12
GATA favorites including Frank Holmes of U.S. Global Investors and Brien Lundin of Jefferson Financial will be participating in an Internet conference of financial expertise, the eMoney Show, to be held on Wednesday, November 12. The show will feature more than 20 experts in the monetary metals, resources, and energy. The eMoney Show aims to show investors how to tap into growth opportunities, identify companies poised to benefit from new technologies, and download reports, research, and invest
Monday, October 27, 2014
Julian D. W. Phillips - Gold Forecaster
Gold & Silver Market Morning
Gold Today – The gold price closed at $1,222.90 up$7.60 on Tuesday in New York. In Asia and London, gold prices rose to $1,227.The gold price was Fixed at $1,224.00 down $1 and in the euro at €952.826 up 1.813, while the euro was weaker at $1.2846. Ahead of New York’s opening, gold was trading at $1,225.10 and in the euro at €953.31. Silver Today – The silver price closed in New York at $17.80 down 1 cent. Ahead of New York’s opening it was trading at $17.74.Gold (very short-term) We expect gold
Wednesday, September 24, 2014
Jesse - Le Cafe Américain
SP 500 and NDX Futures Daily Charts - Draghi Racing To Da Moon
Another central bank rumour managed to light a fire under stocks, and the hedge funds ran with it. The rumour this morning, following on Bullard's statement on possibly continuing QE, was that Mario Draghi's European Central Bank might start buying corporate debt as soon as December of this year. And there they go! Existing home sales came in a little better than expected, but pointing to that as some sort of fundamental trigger for this is nonsensical. The underlying fundamentals of US hous
Wednesday, October 22, 2014
Chris Powell - GATA
Axel Merk: Greenspan admitted that Fed is not politically independent
Fund manager Axel Merk of Merk Investments today calls attention to a few comments made Saturday by former Federal Reserve Chairman Alan Greenspan at the New Orleans Investment conference -- including acknowledgment that the Fed is not politically independent, as is often claimed, and his expectation that the price of gold will rise. Merk's commentary is headlined "Greenspan: Price of Gold Will Rise" and it's posted in the "Insights" section of the Merk Investments Internet site here: http://www
Wednesday, October 29, 2014
Julian D. W. Phillips - Gold Forecaster
Gold & Silver Market Morning
Gold Today – The gold price closed at $1,248.30 up $2.30 on Tuesday. London took it down to $1,246.3.The euro is weaker this morning at $1.2692 down from $1.2828 in a volatile market. The Fix was set $1,246.75 down $5.00 and in the euro at €982.080 up €3.233, while the euro stood stronger at $1.2695. The volumes of gold traded were two seller selling 30,000 ounces and one buyer buying 10,000 ounces before the pro rata arrangement kicked in.Ahead of New York’s opening, gold was trading at $1,246.
Wednesday, October 22, 2014
Jesse - Le Cafe Américain
NAV Premiums of Certain Precious Metal Trusts and Funds
The gold/silver ratio is over 71, even with the relative strength of silver today. The premium on Sprott Silver is high relative to historical norms, while the fund's cash levels are at an historically low percentage of assets. The Speicher Fund and Trust have premiums that are almost prostrate. As a reminder, you may always 'right click' and open in a new window or tab any of the charts and pictures on this site for a full sized view.
Thursday, October 23, 2014
Chris Powell - GATA
Could India eventually produce as much gold as China?
* * * Is India Sitting on a Gold Mine? An interview with Sandeep Lakhwara, managing director of Deccan Gold Mines By Rajalakshmi Nirmal The Hindu, Chennai, India Sunday, October 19, 2014 India has very large resources of gold, several geological studies say. One estimate (2005 study) puts the country's primary gold resources at about 491 tonnes. But the country hardly finds a mention in the global list of large miners. It produces just three-four tonnes of gold annually. Sandeep Lakhwara, manag
Sunday, October 19, 2014
Chris Powell - GATA
Either market or Asia will revalue gold with an upward spike, Turk tells KWN
GoldMoney founder and GATA consultant James Turk, interviewed by King World News, says that while gold has not kept up with the asset price inflation engineered by the Federal Reserve's debt monetization, it is likely to be revalued in a spike upward either by the liberation of market forces or by formation of a gold-backed currency bloc in Asia. An excerpt from Turk's interview is posted at the KWN blog here: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/9/10_De...
Wednesday, September 10, 2014
Jesse - Le Cafe Américain
'Confidence' Is a Corollary of a Fiat Culture 
Economists are fretting about the current notion that the US is caught in a secular stagnation.  They are concerned because they believe that this is what is driving stock prices lower.  And lower stock market prices are upsetting to their masters.  They are concerned that people are believing in stagnation as a sort of urban myth, and that makes it real.  Seriously.  Belief is not an effect, but a primary cause in their minds. The biggest myth that I know of is that confidence alone, no ma
Sunday, October 19, 2014
Jesse - Le Cafe Américain
  SP 500 and NDX Futures Daily Charts - A Whiff of Panic - Option Expiration on Friday 
Stocks were weak all day, but then turned decidedly south in the last hour of trading. I posted the Year-To-Date stock market performance earlier today here. Jim Rickards also made a 'crash call' yesterday and I note it in this post. Marc Faber is pretty much there as well. His video is worth seeing. I am a bit cynical, considering that there is a stock option expiration on Friday. We'll see more selling overnight most likely, and perhaps some follow through tomorrow. The NDX and SP500 futu
Tuesday, October 14, 2014
James Turk - Goldmoney
James Turk: Forget promises, buy physical assets
In an interview with Finance News Network at the Gold Investment Symposium, James Turk shares his insights into the markets and gold's role in a diversified portfolio. Read or watch the full interview here.
Monday, October 13, 2014

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