The Fiat currency race to the bottom is WORLD WIDE. QE to Infinity....AND BEYOND!!! Denmark Announces Emergency Bank Liquidity ProgramThe Danmarks Nationalbank announced it will provide as much as 400 […]
Look for Morgan Stanley and Bank of America to be fed to The Morgue within the next 6 months. A CDS of 488 basis points tells us something that the […]
The Revolution has begun people. #OccupyWallSt. is estimating 1 million protestors on Wed. Oct, 5th. 5,000 have just shown up TODAY and plan to stay until then. Their original plan was […]
Guest Post: Sheared by the Shorts: How Short Sellers Fleece Investors"Unrestrained financial exploitations have been one of the great causes of our present tragic condition." — President Franklin D. Roosevelt, […]
We were looking for a bullish COT report after last Thurs-Monday's severe sell-off in silver. Boy did we get one. The commercials reduced their futures short positions by 10,794 contracts, […]
JPM Eyes Gold at $2,500 by December Financial Post - Prior to Standard & Poor's downgrade of US sovereign debt, JP Morgan analysts expected gold to stay at or below the $1,800 an ounce level in 2011. Post-bombshell, however, that projection has been revised upward to $2,500. Analysts Colin Fenton and Jonah Waxman are encouraging their clients to buy commodities with an Asia, production, and inflation bias, and are counseling them to eschew those with a strong US or consumption link. Despite near-term headwinds for commodities as a consequence of global growth scares, the analysts foresee emerging market demand coming out of the dip with noticeably greater vigor. Read Full Article>>Chavez Recalls Venezuela's Gold Bloomberg - Venezuelan President Hugo Chavez, ever the contrarian, is moving sooner rather than later. Predicting (and surely hoping to expedite) the demise of the US dollar system, President Chavez this month issued orders to his government to repatriate the coun...
We have 3 withdrawals (including a nearly half million oz withdrawal from HSBC vaults) and 1 adjustment to report from today's COMEX warehouse inventory report. COMEX WAREHOUSE SILVER INVENTORY UPDATE […]
Remember when the market suddenly crashed by over 400 points in the early afternoon hours of August 4th on NO NEWS, only 1 day prior to S&P's announcement of the […]
Silver continues to consolidate this morning, currently trading near $30.40 after dipping as low as $29.80 in early trading. Silver traded up to $31 again overnight- which seems to be […]
The internet blogosphere is a major problem for fascism The senior New York police officer at the centre of the Occupy Wall Street pepper spray controversy fired the gas at […]
A day after the German Bundestag passed into law the expansion of the EFSF fund, Europeans were greeted by headlines giving the unwelcome news that inflation is on the rise […]
James Turk has published an excellent interview with Reginald Howe on the Constitutional Authority of gold and silver as the only legal tender.
Silver's Open Interest contracted again today (with silver UP modestly) by another 1436 contracts to 100,578!This is now 6,000 contracts (5,996) lost in the last 2 days during a relatively […]
Recently obtained footage from the Occupy Wall Street protest/ rally captures dozens of Wall Street occupants watching the protest from balconies in amusement while snapping pics and SIPPING CHAMPAGNE. While […]
Another relatively quiet day in COMEX silver warehouses yesterday, as we have 2 withdrawals and 2 deposits to report from yesterday's COMEX silver action- all in the eligible category . […]
US/ Canadian Border It seems TBTB have begun concentrating their efforts on keeping Americans locked inside the motherland. Officially this is about keeping out all the "terrorists" in Saskatchewan and […]
The New York Transit Workers Union (with 200,000 + members) last night voted to support the Occupy Wall Street protest. It appears that the Occupy Wall Street campaign is finally […]
Now that gold and silver have been smacked down to more appropriate baselines ($30 and $1600), it is time for The Bernank to begin preparing the markets for QE3. QE […]
Well the American public might not know the value of silver flatware as evidenced by Doc's wife who picked up some at a community garage sale for 92 cents an […]