News and Views

Expected to quickly sell-out, the Perth Mint of Australia just released the 2015 Athena 2 oz Silver High Relief Coin. Found on the reverse is the likeness of Athena, Greek mythology's goddess of... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More ››
2015/06/01 at 8:07pm
Via: Coin News
Gold, silver and other precious metals kicked off the new trading week and month with modest losses. Gold for August delivery inched lower by $1.10, or less than 0.1%, to end at $1,188.70 an ounce... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More ››
2015/06/01 at 5:21pm
Via: Coin News
There is little risk of an actual default on the Comex in the precious metals. I just wanted to make this clear.  If any default does come, it will be from outside the system in. Although I emphasize the 'deliverable' component of the warehouses in many of my discussions, it is good to remember that there is quite a bit of gold kicking around the warehouses that *could* be More ››
2015/06/01 at 4:35pm
Via: Jesse’s Café Américain
"When an industry becomes necessary for the proper functioning of our society, it wields an unhealthful amount of power. Specifically, it is in the perfect position to engage in what economists call 'rent seeking.'  (monopolies on 'essentials' are the dream of our modern capitalists - Jess) Generally speaking, busi­nesses earn profits in one of two basic ways. The More ››
2015/06/01 at 4:23pm
Via: Jesse’s Café Américain
Snippet: Gold dropped $5.16 to $1184.54 in London before it jumped up to $1204.07 at about 10AM EST and then fell back off into midday, but it ended with a loss of just 0.03%. Silver rose to as high as $17.168 and ended with a gain of 0.06%. More ››
2015/06/01 at 4:19pm
Via: SilverSeek
The dollar pushed most commodities lower. More ››
2015/06/01 at 3:54pm
Via: Hard Assets Investor
Demand in May for American Eagle gold and silver bullion coins retreated sharply from the prior month and from a year earlier, United States Mint sales figures show. U.S. Mint coin sales are usually... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More ››
2015/06/01 at 3:16pm
Via: Coin News
Just how little is U.S. renewable energy production from solar and wind? Well, it actually turns out to less than I thought. Even though the United States continues to add new solar plants and wind farms, it's the growth of the country's fossil fuel output that is the real winner over the past decade. The […] More ››
2015/06/01 at 1:06pm
Via: SRSrocco Report
turbine
When confronting the typical proponents of “green” government policies, the free-market economist must make a strategic decision: Since most of these recommended (and often, actually implemented) State measures make no sense even on their own terms, one course of action is to stipulate the alleged goals and simply point out that the policies do not achieve them. However, the danger with such concessions “for the sake of argument” is that the interventionists can then say, “So you agree with us that the free market, left to its own devices, will drive humanity over a cliff, and now we're all just quibbling More ››
2015/06/01 at 12:52pm
Via: Mises Canada
Lots of volatility and manipulation this morning and, for once, it's to the upside! But, just as when price is driven downward, this is likely transitory, too. Expect more of the same as we move toward the end of the week. read more More ››
2015/06/01 at 11:47am
Via: TF Metals Report
GOLD PRICES jumped $10 per ounce Monday lunchtime in London to trade near 1-week highs above $1200 as weak US economic data were followed by 'dovish' comments from a Federal Reserve bank president on when the central bank should raise interest rates from 0%. With other policymakers urging a hike in June, as originally suggested by Fed comments, "The conditions for beginning the tightening of monetary policy have not yet been met," said Boston Fed president Eric Rosengren – a non-voting member of the policy panel this year – in a speech in Connecticut. Growth in US personal spending fell More ››
2015/06/01 at 10:52am
Via: BullionVault
Commodities trend slightly lower. More ››
2015/06/01 at 9:15am
Via: Hard Assets Investor