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PRECIOUS METALS (US $)
Gold 1284.271.81
Silver 20.36-0.02
Platinum 1452.50-3.25
Palladium 864.50-4.63
WORLD MARKETS
DOWJONES 16563-306
NASDAQ 4370-93
NIKKEI 15523-98
ASX 5548-76
CAC 40 4203-43
DAX 9236-171
HUI 234-5
XAU 99-2
CURRENCIES (€)
AUS $ 1.4435
CAN $ 1.4645
US $ 1.3399
GBP (£) 0.7962
Sw Fr 1.2164
YEN 137.9610
CURRENCIES ($)
AUS $ 1.0774
CAN $ 1.0930
Euro 0.7463
GBP (£) 0.5942
Sw Fr 0.9077
YEN 102.9590
RATIOS & INDEXES
Gold / Silver63.08
Gold / Oil13.18
Dowjones / Gold12.90
COMMODITIES
Copper 3.21-0.02
WTI Oil 97.44-0.73
Nat. Gas 3.80-0.04
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Articles related to Money Supply
 
Mark O'Byrne - gold.ie
  Gold Could Go To Infinity - Ron Paul
Today’s AM fix was USD 1,297.50, EUR 968.43 and GBP 766.21 per ounce. Yesterday’s AM fix was USD 1,307.50, EUR  972.84  and GBP 770.39  per ounce. Gold fell $4.50 or 0.34% yesterday to $1,300.60/oz and silver slipped $0.02 or 0.1% to $20.60/oz. Silver for immediate delivery rose 0.2%  to $20.61 an ounce in London. Platinum was 0.2% higher at $1,485 an ounce. Palladium gained 0.2% to $882/oz and appears to be consolidating close to a 13 year nominal high of $889.75. Gold is flat in London this mo
Wednesday, July 30, 2014
Captain Hook - Treasure Chest
The Quickening
While you have never likely dreamed the classic cult flick Highlander would ever be used to make social comment of this nature, still, here we are today. It’s appropriate in my view because the unraveling of the West, Globalization, and America specifically is accelerating now – the economy, the markets, and the money. Along the way the US had its sword out beheading both friend and foe to gain more power and wealth, but now the brazen greed of American power Barrons has been exposed for all to
Wednesday, July 30, 2014
Peter Schiff - Euro Pacific Capital
Yellen: Where No Man Has Gone Before 
Although Fed Chairwoman Janet Yellen said nothing new in her carefully manicured semi-annual testimony to Congress last week, her performance there, taken within the context of a lengthy profile in the New Yorker (that came to press at around the same time), should confirm that she is very different from any of her predecessors in the job. Put simply, she is likely the most dovish and politically leftist Fed Chair in the Central Bank's history.  While her tenure thus far may feel like a seamless
Wednesday, July 30, 2014
Jesse - Le Cafe Américain
What Is the Effective Limitation on the Fed's Ability to 'Print Money?'
"There is felt today very widely the inconsistency in this condition of political democracy and industrial absolutism. The people are beginning to doubt whether in the long run democracy and absolutism can coexist in the same community; beginning to doubt whether there is a justification for the great inequalities in the distribution of wealth, for the rapid creation of fortunes, more mysterious than the deeds of Aladdin’s lamp." Louis D. Brandeis, Speech to Harvard Ethical Society, May 4, 19
Monday, July 28, 2014
Antal E. Fekete - Gold University
The Two Sources Of Credit

Monday, July 28, 2014
Jesse - Le Cafe Américain
Green Slime: The Return of Franken-Money 
"Gentlemen! I too have been a close observer of the doings of the Bank of the United States. I have had men watching you for a long time, and am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter I shall ruin ten thousand families. That may be true, gentlemen, but that is y
Monday, July 28, 2014
Alasdair Macleod - Finance and Eco.
Market Report: Corrective Action
Precious metals drifted lower over the week in quiet trading. The bears took comfort in the lack of a positive price reaction to political news from the Ukraine and Gaza, and from economic surveys released in the US which disappointed analysts looking for signs of economic growth. Even the IMF downgraded its forecasts for the US economy, and the 10-year treasury yield fell back to 2.46%, having rallied up to 2.65% from the May low at 2.41%. This is shown in the chart below. If the 2.4% level is
Friday, July 25, 2014
Ty Andros - traderview
  Useful Idiots and the Something For Nothing Society - Part 1 of 3 
This week's TedBits is as important a commentary as any I have ever written in my 10+ years writing Austrian analysis of the unfolding world macroeconomics and geopolitical situation. It covers the origins, causes and destinations we are headed for, the participants, historical context and the future based upon past episodes: Past, present and future so to speak. I hope you enjoy it. Best wishes Ty. Adam Smith in his seminal book, Wealth of Nations, outlined how all great empires res
Friday, July 25, 2014
Michael Pento - Delta Global Advisors
Inflation's Real Cause 
According to Pimco's new Chief Economist, Paul McCulley, the Fed's war against inflation has been won! But, before we get out our party hats and plan the tickertape parade, we have to ask ourselves - for the past 27 years have we really been at war with inflation? Yes, during the late 1970's and early 80's a different Paul (Paul Volcker, Chairman of the Federal Reserve) waged a real battle against inflation. Mr. Volcker painfully took the Fed Funds rate to near 20 percent in June of
Monday, July 21, 2014
Antal E. Fekete - Gold University
Credit Unions 

Monday, July 21, 2014
Thorsten Polleit
Ending the Monetary Fiasco – Returning to Sound Money 
Money plays a key role in facilitating and intensifying the process of civilization. However, this holds true only for free-market money, while with government-controlled fiat money, the opposing tendency comes into operation, namely the process of decivilization.
Monday, July 21, 2014
Antal E. Fekete - Gold University
The Federal Reserve As An Engine Of Deflation (sic!) 
Although the Fed’s open market purchases of securities (always net) affect only the short end of the yield curve directly, through the transmission of risk-free bond speculation they will affect the rest of the yield curve indirectly. Thus the entire spectrum of interest rates will keep falling in consequence of the Fed’s open market purchases of Treasury bills (or equivalent). This is a powerful if unrecognized force in the economy causing a chain-reaction as follows:
Monday, July 21, 2014
Alasdair Macleod - Finance and Eco.
Market Report: Sharp consolidation
Before yesterday's (Thursday) rise in bullion prices, precious metals were in corrective mode this week after recent rises. There were two big stand-out sales of gold contracts on Monday, estimated to be about 5,000 contracts at the European opening, and 15,000 on the US opening. The combination of the two sales drove gold down over $30, and on Tuesday a further sale of 15,000 contracts drove the price down to a low of $1293 for a total fall of $45. This negative action occurred at the same time
Saturday, July 19, 2014
Thorsten Polleit
  The Worst of All Monetary Policies 
I. Monetary Expansion Is Kept Going In monetary analyses, the balance sheet of the commercial banking sector is typically kept separate from the balance sheet of the US Federal Reserve (Fed). However, combining the two balance sheets might be much more informative. First, adding up the business volumes of commercial banks and the Fed provides a (much) better insight into the expansion of the monetary sector as a whole over time — especially so in times of the financial and economic "crisis." Se
Friday, July 18, 2014
Gary Dorsch - SirChartsAlot
Which Way Is Inflation Blowing? Watch Commodities 
In an age when governments of every political leaning and ideological stripe distort economic data to promote their parties' interests, it is hardly surprising that the nation's inflation rate is reported in a manner that best suits their political needs. By the same token, in an age of near universal cynicism on the part of citizens towards their corrupt politicians, - it is entirely natural for official inflation data to be wildly at odds with the reality faced by consumers and bus
Thursday, July 17, 2014
Dan Popescu - GoldBroker
  Is Gold the Anti-Dollar " United States’ Role in the Gold Market 
What role does the United States play in the gold market? The United States is, after the European Union, the largest holder of gold reserves, according to the International Monetary Fund (IMF). Besides China, Russia, India and the European Union, the United States is one of the most important players in the gold market. It is, in my opinion, the most anti-gold country of all the major five players. A whole generation of economists has been indoctrinated to
Tuesday, July 15, 2014
Eric Coffin - Hard Rock Analyst
There's Something Happening Here 
Gold made the move I hoped for and predicted in the last issue. It's consolidating well above May price levels now. Traders will want to see a couple of more steps up in price to really get on board but the tone of the market has definitely improved again since early June. Significantly, base metals have also shown a lot of relative strength in the past few sessions. It's been a long time since we have seen the whole metals complex on the move.
Friday, July 11, 2014
Michael Pento - Delta Global Advisors
Asset Bubbles Out of Gas
I've written exhaustively about the real purpose behind the Fed's quantitative easing strategy. So one more time for those who still don't get it; the primary goal of QE is to bolster banks' balance sheets through the process of re-inflating equity and real estate prices. If investors look back at the history of QE they will be able to clearly see what happens when the Fed steps on the monetary gas; and also what occurs once it takes the foot off the pedal. For example, even though int
Thursday, July 10, 2014
Darryl Robert Schoon - Survive the Crisis
Inflation Higher and Higher We Go 
In the end game, truth is found only at the marginsInTime of the Vulture: How to Survive the Crisis and Prosper in the Process(2007, 2012 3rd edition), I wrote about inflation and its root cause: In a credit-money system, over time the constant infusion of increasing amounts of credit will inevitably lead to higher and higher rates of inflation. Because common knowledge of this fact is not in the best interests of those benefiting from the system, it is hidden away. And in the US, hiding the rea
Wednesday, July 09, 2014
John Butler - Goldmoney
A banker for all seasons: the life and times of John Exter – champion of sound money 
The following is an introduction to a series of essays GoldMoney will be publishing, written by John Butler and Barry Downs, looking at the life and times of John Exter – leader in the fight against Richard Nixon, Alan Greenspan and the debasement of the US dollar. The source material for these essays includes John Exter's collected papers and works; the personal experiences, diary entries and recollections of the author; and interviews with former colleagues, friends and family of John Exter's.
Tuesday, July 08, 2014
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