By Bud ConradHow can we explain gold dropping into the $1,300 level in less than a week?Here are some of the factors:
In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss paper addiction and the toothless, pimply faced paper pushers hooked on an ever-increasing fix of debt. There […]
Federal Reserve Chairman Ben Bernanke has stated over and over that one of his main goals is to "support the housing market" (i.e. get housing prices to go up). It […]
The one chance that you have to survive what is coming is to have wealth that knows no borders, is recognized globally and cannot default. It is wise to own […]
By SD Contributor SRSrocco: The PRIMARY SILVER MINERS are going to show NET INCOME LOSSES for the second quarter of 2013 if the price of silver stays below $27 an […]
There continues to be difficulty in securing physical bullion in large volumes, particularly in the small coin and bar market and particularly in the silver market. The Shanghai Commission of […]
The Fed is reversing course. Instead of talking about curtailing money printing, it is now extending it. This comes as no surprise to financial analyst Gregory Mannarino. He says, “There’s […]
Jon Pawelko publishes the web comic Lampoon The System to poke fun at insane economic policies and educate the public on sound economics. Click here for more cartoons and information on his anthology book, available for only $15.
According to dealers and wholesalers, the silver demand generated today via the co-ordinated May 1st Buy Silver Campaign is completely unprecedented- with sales even surpassing those placed 2 Monday's ago […]
It is now only a question of "when" that the lights get turned off and deliveries of metals cease. ABN Amro notified customers 2-3 weeks ago that their supposedly ALLOCATED […]
MOPE reaches spiritual levels as Fed states is prepared to increase or reduce asset purchases (we have no idea what our plan is- that should instill confidence in the market!) […]
The recent crash in silver and gold was one of many for the record books. But, gold is not the same as Enron stock. Tangible physical metals that have been […]
It’s still too soon to tell if the “Buy Silver!” May 1st event will really go “viral.” This grassroots effort still has hours to go parabolic, an eternity on the […]
As the market awaits this afternoon's FOMC statement, our friend Pining from TFMetalsReport has produced another work of art, this time depicting The Bernank as Captain of the SS Central […]
The bullion banks must not have gotten the memo that silver investors the world over had planned a co-ordinated silver buying strike for May 1st, as gold and silver have […]
By Stewart Thomson: Quantitative easing is not the same thing as just printing money and pushing it into the banking system. The inventory of marked-to-model OTC derivatives held by commercial […]
By Jim Willie, GoldenJackass.com The USFed stated publicly in early 2009 their desire to pursue an Exit Strategy. The Jackass on repeated occasions over three years ago refuted and contradicted […]
The next Great Depression is already happening - it just hasn't reached the United States yet. Things in Europe just continue to get worse and worse, and yet most people […]
In support of the Sound Money Campaign's Co-ordinated Strike Against the Cartel, Silver Buffalo Rounds Are Only $1.99 Over Spot, ANY QUANTITY May 1st!
Argentinians Rushing to Gold Bloomberg - An escalating demand for gold in Argentina has exhausted the scrap stores of Banco de la Ciudad de Buenos Aires. Banco Ciudad became Argentina's only gold trader after President Cristina Fernandez de Kirchner banned purchases of 99.99% pure gold for savings last July. To avoid this restriction, the bank sells sells gold products of 99.96% purity. Investors are rushing to buy them to protect the value of their savings against an estimated inflation rate of 26%. Thanks to ongoing peso printing, analysts expect the currency to depreciate 12.9% by year-end. Record amounts of gold futures contracts are also being sold as investors flee the falling value of both peso-denominated bonds and the Argentinian government's dollar-denominated bonds. Even though Banco Ciudad gold is not recognized internationally, and the spread between buying and selling the gold is 35%, Argentinian gold buyers have already seeing good returns compared to peso-holders. Re...