News and Views

Let's look at two different topics where we are seeing contradictory "evidence". First up is what's happening in the gold and silver markets. Never before have I seen sentiment as poor as it is today. Nor have I seen so many negative articles about gold in the various mainstream publications. It has gotten so bad, gold has even been compared to "pet rocks"! While we have seen food fights before, the name calling as of late has become deafening led recently by Martin Armstrong and Cliff Droke. I wonder how or what their response More ››
2015/07/31 at 10:07am
Via: GoldSeek
What could revive gold and oil prices from their current cyclical lows? It was quantitative easing that pushed prices up after the last global financial crisis. Is it about to happen all over again? Central banks in the Western world have set the scene for an ‘even bigger version' of the 2007-2008 global financial crisis, Societe Generale's bearish strategist Albert Edwards said in a research note yesterday. More ››
2015/07/31 at 10:06am
Via: GoldSeek
The normally low-key Swiss gold refining market has been thrown into the spotlight with the announcement that private company Valcambi, the world's largest gold refinery, is being acquired by Indian group Rajesh Exports Ltd (REL), the world's largest gold jewellery manufacturer. More ››
2015/07/31 at 10:05am
Via: GoldSeek
If you are a precious metals investor, you need to see this chart. Matter-a-fact, this is the first time (to my knowledge) in the history of precious metals analysis that the information in this chart has been made public. One look at this chart and the investor will see the the huge difference between the cost to produce the precious metals. More ››
2015/07/31 at 10:03am
Via: GoldSeek
I've been bearish on gold for so long that my successively lower targets have become almost perfunctory. Lately, I've focused on a ‘Hidden Pivot' target at $817, the attainment of which would presumably wash out the last of the die-hard bulls, clearing the way for a resumption of the long-term bull market. Now, however, I am obliged to consider an alternative possibility — i.e., an explosive move without the washout. Although I lack the imagination to envision such world-shaking news as might cause this to happen, I credit a relatively recent Rick's Picks subscriber, Michael Gibbons, with jarring me More ››
2015/07/31 at 10:00am
Via: GoldSeek
Ancient Chinese mythology comes to life on a new limited-edition collector coin from the Perth Mint of Australia. Composed from five ounces of 99.9% fine silver and entitled the Dragon and His Nine... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More ››
2015/07/31 at 1:00am
Via: Coin News
Dear CIGAs, Let's look at two different topics where we are seeing contradictory "evidence". First up is what's happening in the gold and silver markets. Never before have I seen sentiment as poor as it is today. Nor have I seen so many negative articles about gold in the various mainstream publications. It has gotten... The post I Dare You! appeared first on Jim Sinclair's Mineset. More ››
2015/07/30 at 9:33pm
Via: Jim Sinclair’s MineSet
0506carneypoloz
“But pretty soon the word “recession” also became too harsh for the delicate sensibilities of the American public. It now seems that we had our last recession in 1957–58. For since then, we have only had “downturns,” or, even better, “slowdowns,” or “sidewise movements.” So be of good cheer; from now on, depressions and even recessions have been outlawed by the semantic fiat of economists; from now on, the worst that can possibly happen to us are “slowdowns.” Such are the wonders of the “New Economics.” — Murray Rothbard, Economic Depression: Their Cause and Cure Forty-six years later and Bank of More ››
2015/07/30 at 7:31pm
Via: Mises Canada
Gold futures on Thursday ended lower for a third session in a row while silver snapped a three-session winning streak. Gold for December delivery fell 4.60, or 0.4%, to settle at $1,088.70 an ounce... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More ››
2015/07/30 at 6:07pm
Via: Coin News
Royal Bank of Scotland suffers loss of £153m in 2015 after it forks out £1.3bn in banking scandal fines RBS paid more than £400m to US authorities for its role in forex rigging But in three months to June it recorded a pre-tax profit of £293million Chief executive Ross McEwan cautions... The post In The News Today appeared first on Jim Sinclair's Mineset. More ››
2015/07/30 at 5:31pm
Via: Jim Sinclair’s MineSet
The United States Mint's first-ever $100 gold coin is an official hit. New 2015-W $100 American Liberty High Relief Gold Coins are selling fast, with a waiting list for them now temporarily in... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More ››
2015/07/30 at 4:53pm
Via: Coin News
"Greed is the inventor of injustice as well as the current enforcer." Julian Casablancas Here is the lay of the land as we head into the month of August next week. The first chart shows just how silly the trading at The Bucket Shop has become. The next shows the results of the attempts to knock down the open interest at Comex.  It has succeeded a bit, but these lower prices taken to More ››
2015/07/30 at 4:34pm
Via: Jesse’s Café Américain