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Matching the Fed's actions yesterday, the ECB's Mario Draghi has just stated in his press conference that the ECB ‘may' act in the coming weeks. Translation: Draghi doesn't have the […]
Gold was off less than 1% on Wednesday, its biggest drop in 3 weeks, as the Fed didn’t deliver the sparks for QE3’s fireworks. It did signal that further bond […]
Welcome to Capital Account. The Federal Reserve released its interest rate decision today: extremely low rates until late 2014. Also, tomorrow, the ECB council meets about possible bond purchases and […]
The South Carolina owner of Atlantic Bullion & Coin, Inc. has plead guilty to misallocation of $90.1 million of funds that were supposedly invested in silver bullion. The CFTC has […]
HSBC and JP Morgan each reported massive adjustments of over 100,000 ounces out of Registered (dealer) vaults Tuesday, and Scotia Mocatta reported another 600,000 ounce withdrawal from eligible vaults! Total […]
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Fed Majorly Disappoints: NO QE3, But Fed ‘Will Provide Additional Accommodation As Needed'August 1, 2012
Fed leaves ZIRP through end of 2014 No new easing announcement, no extension of ZIRP or TWIST Gold and silver plunging- silver last at $27.30, gold to $1593 ‘Committee will […]
The United States exported a record amount of gold in the first 4 months of 2012. How much did they export? Let's just say it was more than double the […]
Forget ‘fat finger', today's auto-sell dump has been correctly labeled algos gone wild. Premarket info discusses this morning's rogue algorithm that wreaked havoc on as many as 148 stocks (as […]
Spiegel has released an EPIC report on the escalating LIBOR scandal, calling the manipulation an ‘organized fraud'- i.e. A MANIPULATIVE BANKING CARTEL! The difference between a few Barclay's traders submitting […]
Pascua-Lama woes prompt S&P to lower Barrick Gold's credit rating Higher forecast capex spending, combined with delays and other risks at the Pascua Lama project, prompted Standard & Poor's to […]
Mitt Romney was greeted Tuesday by a group of Polish Ron Paul supporters. In this MUST WATCH Fox News interview, the Polish Ron Paul supported told Fox News that ‘President […]
Gold and silver were smashed on today's COMEX open, with silver dropping $1 down a mine shaft (a $1 drop in a single tick on the hourly chart) to $27, […]
Doc's Deal Of The Day Day 2 For The Doc's Shipping Deal!! All Domestic Silver Orders Over $3000.00 Ship For Free!! Don't Forget To Subscribe To The Doc's Emails […]
Gold was still hovering in a narrow range on Wednesday, as investors await monetary policy decisions from the US Federal Reserve (1815GMT) and the European Central Bank (tomorrow), which will […]
The FOMC’s two day meeting starts today and the ECB will meet later this week, amid the heightened expectations that the central banks are moving toward new actions. But, according […]
‘I want to know, Where is my money!!?' What caused the Spanish economic crisis, and how safe is your money in banks? Maria Blanco, economist and member of the Instituto […]
Gold Investment Demand in China to Advance 10% Bloomberg - China's largest bullion bank expects domestic investment demand to increase by 10% this year. Zheng Zhiguang, general manager of the precious metals department at the Industrial and Commercial Bank of China Ltd. (ICBC), said currency debasement and the European debt crisis are driving safe-haven demand among local investors. "It's necessary," Zheng noted, "for individual, institutional, or even government investors to hold gold when the value of money is decreasing at a time of possible quantitative easing or excessive money-printing practices." Read full article>> Central Banks Buying Gold Like It's 1965 Barron's - The last time the world witnessed the official sector buying bullion as consistently and substantially as it is now was... 1965. The 2008 financial crisis and the US Federal Reserve's response to it, namely money printing, proved to be the turning point for sovereign bean counters. Central banks worldwid...
After yesterday's 9 silver inventory movements and 2.5 million ounce withdrawal from Brink's vaults, inventory volatility continued in COMEX vaults Monday, as another 320,000 ounces were withdrawn from Brink's, and […]
Reports surfaced Tuesday that Barclay's COO Jerry del Missier received a £8.75M compensation package from also outgoing Chairman Marcus Agius in the days proceeding Missier's dismissal from the bank in […]