UNITED STATES July 25 2014 4:35 PM NEW YORK: The International Monetary Fund view of the United States economy may boost gold, should it come true, said HSBC precious-metals analyst Jim Steel. The IMF on Wednesday suggested the Federal Reserve may have room to keep interest rates at zero for longer than investors anticipate. Currently, the median forecast of participants in the Federal Open[...]
Author: Chris
While Other Currencies Emerge as an Alternative to the US Dollar, Gold Will Also Benefit.
David Levenstein - July 29, 2014 Last week, the main drivers behind the gold prices were the situation of the Malaysian Airlines jet downing in Ukraine and Israel’s invasion of Gaza. For now it seems that the other hot-spots especially those in Syria, Libya and Iraq have been temporarily forgotten. On Thursday, gold prices fell on Comex once again, in what was yet another bout of[...]
Real Unemployment Rate Is at Least 18 Percent – Ergo, Entitlement Money Printing Can’t Stop
Tuesday, 29 Jul 2014 By Peter Morici The Labor Department on Friday is expected to report the economy added 235,000 jobs in July, and the unemployment rate remained steady at 6.1 percent, but that hardly tells the story. The jobless rate may be down from its recession peak of 10 percent, but much of this results from adults, discouraged by the lack of decent job openings, have quit altogether.[...]
The Shocking Reason Why Gold May Quickly Hit $2,000 – And Big Moves for Silver, Platinum & Palladium
Today a man who has been involved in the financial markets for 50 years spoke with King World News about the shocking reason why gold may quickly hit $2,000. Below is what John Embry, who is business partners with billionaire Eric Sprott, had to say in this powerful interview. Embry: “We are at a major inflection point. After more than 3 years for silver and almost 3 years for gold being under [...]
This stock bubble is ‘beyond 1929 and 2007,’ says John Hussman
John Hussman can generally be counted on for a bearish take on the stock market. But his latest weekly commentary letter is a doozy, with some particularly pointed remarks aimed at investors who continue to believe valuations are fair in stocks. The economist runs Hussman Funds, and since the financial crisis he’s been a prominent critic of Federal Reserve policy. His investment choices are[...]
US Rules Make Gold the New Green – Financial Times
By John Dizard Financial Times, London Friday, July 11, 2014 Pecunia non olet. (Money has no smell.) — Emperor Vespasian (69-79) to his son, Titus, when Titus protested a tax on urine. * * * There is a fresh wind behind the dollar price of gold, which is also increasing the reported and unreported volumes of physical trading in the metal. Thanks to what one (non-banker) friend of mine[...]
Setting The Stage for The Next Collapse – Preperations Taking Place Don’t Help You
By: Steve Saville Below is an excerpt from a commentary originally posted at www.speculative-investor.com on 20th July 2014 When the central bank pumps money into the economy and suppresses interest rates it creates incentives to speculate and invest in ways that would not otherwise be viable. At a superficial level the central bank's strategy will often seem valid, because the increased[...]
U.S. Ally Cuts Off Communications with Obama and Seeks New Trade Outside Dollar
July 22, 2014 On July 21, Turkish Prime Minister Tayyip Erdogan spoke in an interview with Turkey's ATV television, and confirmed that his office had cut off direct communications with President Obama, and in fact, were no longer even answering calls received from the White House. In addition to this startling announcement regarding a long standing U.S. ally, the Russian Ministry of[...]
The “Gates” Are Closing: SEC Votes Through Money Market Reform – Another Step in Prep for Next Crisis
It was nearly five years ago when Zero Hedge first wrote: "This Is The Government: Your Legal Right To Redeem Your Money Market Account Has Been Denied" in which we predicted as part of the ongoing herding of investors away from every other asset class and into stocks, regulation will be implemented to enforce that "money market fund managers will have the option to 'suspend redemptions to allow[...]
We’re in the Third Biggest Stock Bubble in U.S. History – Insiders Sell Stocks and Retail Investors Jump In
Brett Arends - MarketWatch - July 18, 2014 Here’s a quick question for you. What do the following years have in common: 1853, 1906, 1929, 1969, 1999 Pass the question around your office. Call your money manager and ask him or her, too. Post it on your office notice board. Give up? Those were the peaks of the five massive, generational stock-market bubbles in U.S. history. Investors who[...]