Who can blame people who disbelieve gold? When the media talks about gold it is normally in a disparaging way. They will start with the… by Egon von Greyerz of Gold Switzerland Most people are familiar with the Aesop fable “CRY WOLF” about the little boy who falsely called out Cry Wolf too often to his villagers
Gold & Silver
With the markets finishing the week by a shortened session on Thursday, plus our being in motion, we’re getting a head start on this week’s missive. Now per that from last week’s piece, “Gold’s 1900+ Track Looks to Be in Santa’s Sack”, old Saint Nick doesn’t seem to have come through with that pack. Moreover,
The idea of a “Great Reset” expounded by these modern mouthpieces of history’s bad ideas signals nothing more than a new… by Matthew Ehret via Strategic Culture Foundation In the Time Machine, society one million years in the future has evolved into two separate species called Morlocks and Eloi. The Morlocks represent the ugly dirty producers
Gold prices saw a mixed week in the national capital as they jumped Rs 496 to Rs 50,297 per 10 gram on Monday and gained Rs 385 to Rs 49,624 on Thursday tracking global markets. The precious metal had closed at Rs 49,801 per 10 gram in the previous trade and jumped Rs 496 to
We can only thank goodness the parents of these young people believed in serving customers and saving their wealth. This wealth was… by Doug French via Mises he New York Times managed to find some young people whose silver spoons provide a sour taste in their mouths. To hear them talk, their good fortune is making them
Share Now: KATHMANDU, DECEMBER 26 While the price of gold slipped, that of silver was stable in the trading week between December 20 and 25. According to the rate list of the Federation of Nepal Gold and Silver Dealers’ Association (FeNeGoSiDA), gold was traded at Rs 94,300 per tola on Sunday. Its price rose by
Although the Fed did not expand its monetary accommodation in December, Powell was really dovish and he pointed out that… by Arkadiusz Sieron of Sunshine Profits Fed Chair Jerome Powell sounded dovish during his press conference on December 16, where he gave a market update after the Fed’s monetary policy meeting. The Fed will remain accommodative for
U.S. West Texas Intermediate crude oil futures closed higher on Thursday in a lackluster, but two-sided trade. The market traded mostly lower early in the day on concerns about a new variant of COVID-19, but rebounded at the mid-session after a trade deal was reached between Britain and the European Union, bolstering the global economic
Across the country hospital administrators are facing unexpected push-back from employees on the issue of the Covid vaccine. More and more are… by Daniel McAdams and Ron Paul of Ron Paul Liberty Report Across the country hospital administrators are facing unexpected push-back from employees on the issue of the covid vaccine. More and more are
There was notable activity in the commodities markets during the holiday-shortened week. Gold prices finished marginally lower after touching a six-week high on Monday as the U.S. Dollar firmed. Crude oil closed slightly lower and inside the previous week’s range as traders began to question whether the seven week rally was running out of steam,
If “weird” equals “bad” in economics, which it frequently does, the odds of this ending well are rapidly approaching zero… by John Rubino of Dollar Collapse It’s official: This has been the weirdest year in US economic history. Starting with the shape of the recent recession, even 2007 — an odd one in its own
Photo Credit: Dailyhunt Bhubaneswar: Gold price remains stable in capital city Bhubaneswar on Saturday. Today, 22 carat gold per 10 grams recorded Rs 46,710 while 24 carat gold per 10 grams recorded Rs 50,950. On Friday, the price of the gold recorded Rs 47,700 for 22 carat while the 24 carat gold was recorded at
The food supply chain is at serious risk of breaking… by Mac Slavo of SHTFplan In an attempt to prevent the spread of a new, more transmissible strain of the COVID-19 virus in the United Kingdom, harsher lockdowns have been imposed on the public, the food supply chain is at serious risk of breaking. The
Russian media outlet the Echo of Moscow (Echo) reported today that Dr. Pavel Maslovskiy, former CEO of Russian gold producer Petropavlovsk, was detained and taken for interrogation. According to the Echo, earlier, searches were carried out in the Moscow office of the Pokrovskiy Rudnik, the Petropavlovsk’s subsidiary. The TASS agency, citing the company’s press service,
The truth is that every other government and central bank has at least attempted to do this at different periods of time, with differing degrees of… by Jason Burack of Wall St For Main St Last week the US Treasury labeled Switzerland and Vietnam as official currency manipulators. But the truth is that every other
TipRanks 3 Stocks J.P. Morgan Says Are Ready to Rip Higher Take a deep breath, get ready, the New Year is just around the corner, and while we’re all ready to celebrate – just on principle, because getting out of 2020 is reason enough for joy – let’s also take stock of where we are
This could lead to rapidly rising consumer prices, but experience over the past 20 years has instead pointed to the bigger problem being… by Ryan McMaken of Mises Institute Wednesday morning, President Trump apparently threatened to veto the so-called stimulus legislation recently approved by Congress. The legislation features approximately $908 billion worth of spending including $600 stimulus checks for many
Silver 4 Hour Price Update Updated December 25, 2020 01:58 AM GMT (09:58 PM EST) Silver came into the current 4 hour candle up 0.02% ($0.01) from the open of the previous 4 hours, marking the 2nd consecutive candle it has gone up. Out of the 5 instruments in the metals asset class, Silver ended
We’re entering a perfect storm for silver. Not only are central bank balance sheets exploding, but major economies are passing stimulus bills. What’s more… by Peter Krauth via Streetwise Reports In many ways, most of us can’t wait to put 2020 behind us and call it last year. We’ve experienced a once-a-century global pandemic, infecting almost
Turkish fertilizer producer GÜBRETAŞ announced on Tuesday that it has found approximately 3.5 million ounces of gold at a mine site belonging to the company and located in the Marmara region of Turkey. GÜBRETAŞ chairman Fahrettin Poyraz told Anadolu Agency that at current market prices, the value of gold reserve is around $6 billion. The
A reasonable expectation would be that Biden will serve the billionaires, though his rhetoric will be phrased to be acceptable to the voters. So, that will be… by Eric Zuesse via Strategic Culture Foundation Some of the top owners of America’s President-Elect Joe Biden are entirely secret because a corrupt U.S. Supreme Court, in the infamous
Kitco News has launched its 2021 Outlook, which offers the most comprehensive coverage of precious metals markets in the new year. Trillions of dollars were pumped into financial markets in 2020 and that won’t come without consequences. Economists expect that investors will be Bracing For Inflation in 2021. (Kitco News) - Gold futures prices are modestly
Uh-oh Bitcoin Fanboys! (by Half Dollar) People think I don’t get Bitcoin. I suppose I don’t get it. I mean, I’m only an academically educated and professionally trained computer hardware and software expert with networking and cybersecurity skills, and I do have various tech certifications and degrees, but it’s not like I write code for
Silver 4 Hour Price Update Updated December 24, 2020 01:58 AM GMT (09:58 PM EST) The choppiness in the recent four-hour candle price action of Silver continues; to start the current 4 hour candle, it came in at a price of 25.56 US dollars, down 0.12% ($0.03) since the last 4 hour candle. Those trading
The continuation of the Covid Crisis in 2021 will add more fuel to gold & silver’s rally, but it won’t be the only rationale for higher prices… by Craig Hemke via Sprott Money News It has been a long year. Excruciatingly long. But it’s nearly over, so we should take stock of the gains we’ve
Kitco News has launched its 2021 Outlook, which offers the most comprehensive coverage of precious metals markets in the new year. Trillions of dollars were pumped into financial markets in 2020 and that won’t come without consequences. Economists expect that investors will be Bracing For Inflation in 2021. (Kitco News) – The International Atomic Energy
It’s Official. The mighty Shale Oil BOOM has now finally turned into a BUST… by Steve St Angelo of SRSrocco Report It’s Official. The collapse of U.S. shale oil production has begun. The mighty Shale Oil BOOM has now finally turned into a BUST. While the pandemic shutdowns sped up the process, the collapse of
Kitco News has launched its 2021 Outlook, which offers the most comprehensive coverage of precious metals markets in the new year. Trillions of dollars were pumped into financial markets in 2020 and that won’t come without consequences. Economists expect that investors will be Bracing For Inflation in 2021. (Kitco News) - The U.S. manufacturing sector is
The irredeemable currencies are failing, as we see with the final collapse of their interest rates. It makes little difference what… by Keith Weiner of Monetary-Metals There are but two ways that man can deal with man: reason and force. Reason includes invention, design, entrepreneurship, finance, borrowing and lending, construction, production, manufacturing, mining, farming, trade,
TipRanks Goldman Sachs Says These 3 Stocks Could Surge Over 30% From Current Levels After a true annus horribilus, we’re all ready for better times. The US equity strategy team at Goldman Sachs, led by David Kostin, sees those better time ahead, and in the near-term. The team is predicting a 25% gain for the