SAN FRANCISCO (MarketWatch) — Gold prices have lost around $75 an ounce this year but analysts are unfazed by the drop, with many betting the slump in prices will soon be cut short as the Chinese New Year feeds an increase in global demand that’s destined to last. “We are entering a period of strong seasonal growth in gold demand and Chinese New Year is a big part of that,” said Brie... read more
When it comes to state visits the devil is in the detail. It's the nuances of the arrangements that allow you to calibrate just how important a relationship is. That's why the world has been watching the visit of the Chinese President Hu Jintao with such attention. The state dinner at the White House - described as an "intimate" event - apparently signifies that Washington rates China as pretty... read more
Fed Governor Hoenig shocked many observers yesterday when he stated, “The gold standard is a very legitimate monetary system...We're not going to have fewer crises necessarily. You will have a longer period of price stability or price level stability, but I don't know that you'll have lower unemployment, I don't know that you'll have fewer bank failures.” King World News immediately inter... read more
Meredith Whitney Predicting Municipal Bond Market To Get Destroyed By Insider Monkey In this week’s 60 Minutes, Meredith Whitney predicted that the municipal bond market will get destroyed. “There’s not a doubt in my mind that you will see a spate of municipal bond defaults” she boldly predicted. When Steve Kroft asked her how many is a “spate” Whitney clarified: “You could... read more
A source in mergers and acquisitions out of Europe has alerted King World News that Carlos Slim may be looking to enter the silver market in a big way. Gold and silver are in big bull markets and this is attracting the attention of some of the smartest money around the globe. James Turk commented, “If this deal does happen Eric, this is going to make the silver shorts choke.” Fresnillo h... read more
The other day, in my post “The Lull Before the Storm”, I mentioned that for fiscal year 2011, the Federal Reserve would be purchasing over 60% of the Federal government deficit. Literally. In other words, the Fed would be dancing the Monetization Waltz, just like Latin American countries used to back in the 1970’s: Proof positive that America is indeed a banana republic—only with... read more
LONDON (Commodity Online): Which is the best investment asset in commodities? Gold or Silver? It is an ongoing precious metals debate to which leading global commodities investors and bullion analysts are partaking these days. Among them, the wisdom in investing in commodities comes sharp and clear from Jim Rogers, chairman of Rogers Holdings. The celebrated commodities investor and founder... read more
$24.5 Trillion In US National Debt, $144 Trillion In Unfunded Liabilities In... 2015 Zero Hedge DECEMBER 20, 2010 By now everyone has seen and played with the US debt clock via usdebtclock.org whereby anyone who so wishes, can find every little detail about America's current sad fiscal state. The fact that America currently has just under $14 trilllion in national debt should... read more
The Dollar Will Collapse in 24 Months Investors have been shuffling currencies around faster than a game of three-card Monte as the true value of world's paper money is being exposed. But in the end, the only real winners would have walked away from the table long ago, their pockets stuffed with the only currency that really matters: gold. The consequences of decades of abuse to the... read more
Hyperinflation Watch : Numbers don’t lie December 14th, 2010 For several months I have been warning that hyperinflation of the US dollar is looming. The ominous signs of this impending currency train-wreck are becoming increasingly clear. For example, crude oil is threatening to break above $90 per barrel. Copper has broken through $4 per pound to a record high price.... read more