January 20, 2015 by Jay Taylor Most people have been trained by the Keynesian propagandists to think of gold as just another commodity. Gold is not a commodity. It is money! And that is why, as anxiety increases now about the global monetary system, gold is on the rise even as commodities plummet. The inverted pyramid shown on your left is a concept created by the brilliant monetary economist[...]
Tag: US Dollar
Why The Damage To The Economy Caused By The Oil Crash Is Going To Get Progressively Worse
By Michael Snyder, on January 27th, 2015 We are really starting to see the price of oil weigh very heavily on the economy and on the stock market. On Tuesday, the Dow was down 291 points, and the primary reason for the decline was disappointing corporate sales numbers. For example, heavy equipment manufacturer Caterpillar is blaming the “dramatic decline in the price of oil” for much lower[...]
Evidence Grows Showing Wall Street as a Negative Economic Force
By Pam Martens and Russ Martens: January 27, 2015 Earlier this month, Jim Clifton, Chairman and CEO of Gallup, published a stunning indictment of Wall Street as a job creating engine. Clifton reported that the U.S. now ranks 12th among developed nations in business startups with countries such as Hungary and Italy having higher startup rates. Of equal concern writes Clifton, “American business [...]
The Political Union of Europe Has Failed – Martin Armstrong
The entire vision that a United States of Europe would prevent war has proven to be just another academic theory gone seriously wrong. Brussels has been fighting against any opportunity for the people to vote on exiting the Euro from Scotland down to Spain and Italy. They could not prevent a democratic election where the party had an agenda rather than a vote on the issue directly. The idea of[...]
The Shemitah: The Biblical Pattern Which Indicates That A Financial Collapse May Be Coming In 2015
Does a mystery that is 3,500 years old hold the key to what is going to happen to global financial markets in 2015? Could it be possible that the timing of major financial crashes is not just a matter of coincidence? In previous articles on my website, I have discussed some of the major economic and financial cycle theories and their proponents. For example, in an article entitled “If Economic[...]
When A Soaring Dollar “Reflects Loss Of Investor Confidence And Is Potentially Devastating”
For all those following the relentless rise in the USD and assuming this is a great thing for global markets, here is a must read take from SocGen's Kit Juckes. * * * GOOD DOLLAR, BAD DOLLAR The ECB is buying more bonds than expected, and from longer maturities. ECB President Mario Draghi was almost scornful of concerns about the lack of burden-sharing in the event of losses. Equities rallied, [...]
“Buy The Dip” In Gold; BofA-Merrill Lynch Says EURUSD Bounces Should Be Sold
"Gold is consolidating before its larger bull trend resumes," notes BofAML's MacNeil Curry looking for a move to $1345 and beyond. But it is today's modest bounce in EURUSD that they believe should be sold, and "seen as temporary and corrective of the larger bear trend." Via BofAML, €/$ is correcting. Bounces should be sold. €/$ is correcting higher. However, this bounce should be seen[...]
Will Gold Be Part Of A New International Monetary System? – Koos Jansen
Anyone who has been paying attention to the global economy the past years can agree with me our central bankers have conducted miserable monetary policy and have taken the insufficient measures to fight crises. All major economies have embarked in printing unprecedented quantities of money, but the only thing they bought was time. Quantitative easing on such a scale is like kicking the can[...]
Stock Traders Flock to Gold – Monumental Market Turn
By Adam Hamilton Gold surged this week on massive buying from stock investors and speculators. This critical group of traders and their vast pools of capital utterly abandoned gold in the past couple years. So to see them start to flock back is a watershed event, heralding a major reversal in gold’s fortunes. And with their gold exposure remaining near extreme lows, they have vast buying left[...]
Almost 1,000 Tonnes of Silver Withdrawn From SLV Since December 1, 2014
by Ed Steer Yesterday In Gold & Silver The gold price rallied in early Far East trading on their Wednesday morning before getting capped in heavy volume around 2:30 p.m. Hong Kong time. It got sold down about six bucks from there, but once the noon London silver fix was in, the price rallied anew as the dollar index began to roll over in earnest. Then someone hit the “sell precious[...]