With the price of gold and silver soaring, particularly in euro terms, many are beginning to wonder if a loss of confidence after yesterday's Swiss fiasco has started a run on gold? Whatever the case may be, the following piece takes a trip down the rabbit hole of government and central bank lies, manipulation, loss of confidence, and eventual panic. By John Hathaway January 16 (King World[...]
Tag: Fed
The Market Gage- New Swiss Bank Policy Drives Gold, Silver, Platinum
January 16, 2015 “The Market Gage” features insights into the precious metals market from Roy Friedman. Roy has over 30 years of in-depth experience in all facets of precious metals. Precious metals, with the exception of palladium, are moving higher again this morning following yesterday’s much talked about policy change by the Swiss National Bank. Palladium has fallen to a test of [...]
Swiss Abandon Peg to Euro – The Euro is Dead – Long Live the Swissy – Armstrong
January 15, 2015 The Swiss franc has risen by almost 30pc against the euro after the central bank shocked global markets by abandoning its long-standing peg to the euro imposed in 2011. The Swiss had no choice. They have been buying Euro at alarming amounts as smart money bet the Swiss would be far better at the end of the day than a Euro. As long as the Swiss was pegged to the Euro, the Swiss[...]
Russell – Buy Gold And Silver While It’s Still Available As China To Back Yuan With Gold
January 15, 2015 With enormous volatility in global markets and crude oil rallying almost $3, today the Godfather of newsletter writers, 90-year old Richard Russell, covers everything from China moving to back the yuan with gold to a huge surprise for global stock markets. Russell also urges readers to buy physical gold and silver while they are still available. Richard Russell: “In almost[...]
Market Expert Marc Faber: Gold Will Rally 30% in 2015 – Savvy Players Set for Huge Gains in Precious Metals
LONDON (MarketWatch) — Gold has absorbed its fair share of the commodities-market blows in recent years, but now is the time to move back into the precious metal, according to superbear Marc Faber. ‘[T]he only way to short [central banks] is to go long gold, silver and platinum. ... That’s something I will do.’ - Marc Faber “I’m positive [that] gold will go up substantially [in[...]
Very Strong Reasons For Buying Precious Metals…NOW
By Michael Noonan Got gold? Got silver? If not, you may not survive very well under the current and future regime[s] established in this country. Does price matter? Sure, everyone wants to buy reasonably near the lows, and there are many of us who paid substantially higher prices than currently exist. However, if there is no intent to sell but only hold as a form of wealth protection and/or a[...]
The Market Gage – Crude Lower This Morning & Gold as a Deflation Hedge
January 12, 2015 “The Market Gage” features insights into the precious metals market from Roy Friedman. Roy has over 30 years of in-depth experience in all facets of precious metals. Following Friday’s strong close, our market resumed trading yesterday with a probe higher, but volume was light with the highs of $1,231.30 gold and $16.69 silver being short lived. In early U.S. trading, all [...]
US Stocks Most Overvalued Relative To Rest Of The World In History
Today's chart of the day comes courtesy of Reuters Jamie McGeever, and it shows that based on a BofA analysis, US stocks have never in history been more expensive relative to the rest of the world, surpassing both the dot com bubble and the housing bubble. Add this to what we wrote over the weekend in "A Permabull Throws In The Towel: "Stocks Are Massively Overvalued", Key Multiples Are[...]
Labor Participation Rate Drops To Fresh 38 Year Low; Record 92.9 Million Americans Not In Labor Force
Another month, another attempt by the BLS to mask the collapse in the US labor force with a goalseeked seasonally-adjusted surge in waiter, bartender and other low-paying jobs. Case in point: after a modest rebound by 0.1% in November, the labor participation rate just slid once more, dropping to 62.7%, or the lowest print since December 1977. This happened because the number of Americans not in[...]
The Dollar, On a ‘Hurricane Path of Destruction,’ is Set to Fall – MarketWatch
By Michael Brush The U.S. dollar, at its highest level in nine years, is about to fall off its perch. The decline will catch most investors by surprise and create sudden reversals in oil, coal and emerging market stocks. You can profit from this if you act now and buy those sectors — and bet against dollar. Continue reading at MarketWatch[...]