Editors note: There are four precious metals, all of which have been rising in price since the start of the great PM bull market in 2002. Overlooked by most investors are platinum and palladium. Neptune Global has made investing in these metals (in physical form) easy and convenient with the PMC Ounce. More information about this patented physical precious metals investment asset is[...]
Category: News
Gold Flowing to Asia – West Sells Its Future to Live in the Moment
As the MUST SEE charts below clearly demonstrate, gold is rapidly flowing out of the West to Asia…after a short layover in Switzerland. More and more gold is flowing towards the emerging economic powers in Asia. We do not conclude this based on just anecdotal evidence, but also based on the Chinese gold imports through Hong Kong and the increasing flow of gold out of Switzerland and the United [...]
Gold Has Outperformed Stocks Ever Since the Gold Peg Was Broken
I bet your financial planner never told you this.... Graham Summers - July 14, 2014 Gold is often shunned by investors in favor of stocks.As Warren Buffett has noted, Gold doesn’t do anything “but look at you.” It doesn’t pay a dividend or produce cash flow.However, the fact of the matter is that Gold has dramatically outperformed the stock market for the better part of 40 years. I[...]
Up Next: A Double Whammy of High Unemployment and Inflation
Wednesday, 16 Jul 2014 09:12 AM By Peter Morici The economy is recovering from a harsher-than-normal winter, but the pace of growth for the balance of this year and next will not create nearly enough decent jobs for the millions unemployed and recent graduates working at venues like Starbucks. It's easy for President Obama to blame Republicans in Congress, and vice versa, and for both to put[...]
Richard Russell – People Are Going Broke & It Will Get Ugly – Telling Listeners to Buy Financial Insc.
At nearly 90 years old, the Godfather of newsletter writers, Richard Russell, warned that he expects this ongoing crisis to get very ugly. The 60-year market veteran also included some very troubling guest commentaries warning that, sadly, people are simply going broke in the United States. Russell: “The market fooled me. I thought the Dow would advance to a new high, unconfirmed by the[...]
Yellen: Economy Still Needs Fed Stimulus – Wages Rising Too Slowly, Fed Chair Says
NEW YORK (CNNMoney) - Although the job market is improving, it's still not strong enough to fully satisfy Federal Reserve Chair Janet Yellen. Wages are rising too slowly, and too few Americans are participating in the job market, she told senators on Tuesday. "Although the economy continues to improve, the recovery is not yet complete," Yellen said in testimony before the Senate Banking, Housing [...]
Gold Plunges Back Below $1300 As “Someone” Dumps $2.3 Billion In Futures – Paper Machinations
With The Fed proclaiming bubbles in some of the most-loved segments of the stock market and explaining that the economy is doing "ok" but they must remain dovish for longer for feasr of "false dawns"... what better time than now to dump $2.3 Billion notional in futures... of course the dump in gold's anti-status quo price coincided with an odd v-shaped recovery in stocks... Gold remains above its [...]
Janet Yellen Gives Her Clearest Comments Ever About How She Missed The Crisis And How She Sees The World
In Nicholas Lemann's profile of Fed Chair Janet Yellen in this week's "New Yorker," Janet Yellen says she knew the housing market was dangerous before the financial crisis. "In 2005 and 2006, [Yellen] began to be concerned that there was a dangerous bubble in in the housing markets," Lemann writes. From Lemann's profile: "'I'm sorry that light bulbs didn't go off in my head a couple of years [...]
Peter Morici: Washington Debauchery and Fed Follies
Monday, 14 Jul 2014 09:12 AM By Peter Morici Federal Reserve Chairman Janet Yellen will testify to Congress Tuesday and Wednesday about the economy and future Fed policy. We won't learn much about either, because the Fed refuses to recognize the facts on the ground. Its policymaking committee recently stated inflation is below 2 percent. Yet, according to the Bureau of Labor Statistics, consumer [...]
Mission Accomplished: Retail Piles In To Stocks As Pros Pile Out – Rug to be Pulled Out in Near Future
With year-end target after year-end target having been met and raised by the oh-so-ethical sell-side strategists and asset-gatherers, it appears the Fed's grand plan of dragging every bit of cash into the increasingly more risky equity markets is working. After a rally driven more by financial engineering that real sustainable growth, Bloomberg reports, individual investors are plowing money back [...]