“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. The rather “friendly” FOMC statement and subsequent press conference that Chair Yellen held Wednesday afternoon certainly gave no immediate signs that interest rates are moving higher in Q1 2015 and at this point, based on[...]
Tag: US Dollar
IMF Now Ready To Slam The Door On The U.S. And The Dollar
Editor's Note: Owning physical precious metals and safeguarding them in a non-bank depository is best defense. By Brandon Smith As I write this, the news is saturated with stories of a hostage situation possibly involving Islamic militants in Sydney, Australia. Like many, I am concerned about the shockwave such an event will create through our sociopolitical structures. However, while most of[...]
China Prepares To Bailout Russia – East Continues to Break Away from West
Earlier this evening China's State Administration of Foreign Exchange's (SAFE) Wang Yungui noted "the impact of the Russian Ruble depreciation was unclear yet, and, as Bloomberg reported, "SAFE is closely watching Ruble's depreciation and encouraging companies to hedge Ruble risks." His comments also echoed the ongoing FX reform agenda aimed at increasing Yuan flexibility which The South China[...]
Top Asian Hedge Fund Manager Predicts Banner Year For Gold In 2015
Stocks surged while oil and gold gave up early gains after the decision by the Fed to drop the "Considerable time" pledge on interest rates. King World News reached out to one of the top hedge fund managers in Asia to get his take on what has transpired and what to expect in 2015. Eric King: "Bill, what should people expect to see as we head into the end of this year and what about[...]
17 Reasons Why I Trust Silver – GE Christenson
War and Inflation – 3 reasons: · From Ernest Hemingway: “The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.” This was true before WWII and is just as true now. · There are reports of a train load of American tanks passing[...]
With The World On The Edge Of Chaos, Gold & Silver Now At Most Oversold Levels In History
On the heels of continued pressure in the metals markets as we head into the end of 2014, it appears gold and silver are now at the most oversold levels in history. Below KWN readers can see the absolute carnage Western central banks have caused in the gold and silver markets. This is the type of thing that the big banks follow closely, as well as big money and savvy professionals. David P. out[...]
The Market Gage December 17, 2014 – Russian Headlines Impact Precious Metals
“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 have had a volatile trading week on good volume with most of the moves prompted by headlines that have to do with Russia. As sanctions continue to impact the Russian economy, President Putin has been[...]
Meet Your Newest Legislator: Citigroup
By Pam Martens: December 16, 2014 Citigroup is the Wall Street mega bank that forced the repeal of the Glass-Steagall Act in 1999; blew itself up as a result of the repeal in 2008; was propped back up with the largest taxpayer bailout in the history of the world even though it was insolvent and didn’t qualify for a bailout; has now written its own legislation to de-regulate itself; got the[...]
Same Currency War, New Battle Phase
By James Rickards The current global currency war started in 2010. My book, Currency Wars, came out a little bit after that. One of the points that I made in the book is that the world is not always in a currency war. But when we are, they can last for a very long time. They can last for five, 10 or 15 years, sometimes longer. And so it’s really not a surprise that here we are in 2014 talking [...]
Americans are 40% Poorer than Before the Recession
By Quentin Fottrell The Great Recession is officially over, but Americans are still 40% poorer today than they were in 2007, the year before the global financial crisis. The net worth of American families — the difference between the values of their assets, including homes and investments, and liabilities — fell to $81,400 in 2013, down slightly from $82,300 in 2010, but a long way off the[...]