One of the reasons gold and silver prices are stuck in a narrow trade range is that stocks are stuck in a narrow trading range. Still, widely-followed indexes recently made new highs, specifically the S&P 500, the NASDAQ and the Dow Industrials. However, the much ignored (except by professionals) Dow Transportation index is some 850
Five megabanks–Barclays, JPMorgan Chase, Citigroup, the Royal Bank of Scotland and UBS–are expected to plead guilty to rigging currencies markets; collectively, they will pay fines in the billions of dollars. And, we’re supposed to continue believing that the bullion banks never manipulated the gold and silver markets.
It was an embarrassing defeat for the US as it failed to keep its major allies from seeking membership in the China-sponsored Asian Infrastructure Investment Bank (AIIB), which will provide Asian countries an alternative to the US-dominated IMF, World Bank and Asian Development Bank. Allies seeking membership include the UK, Australia, Germany, France and South
Following the March 18 “Statement” by the FOMC that any interest rate increase would probably not come until September, stocks moved from negative territory into big upside gains. Truly, the markets liked the idea that any interest rate hike would put off until later in the year. However, the following week the Dow Industrials plunged
Wars, economic crises and stock market declines have major impacts on investor interest in the precious metals. Leaving the potential for wars and economic crises aside, what is the likelihood that stocks are set to enter a period of declining prices?
Friday, March 20, the nearly 100-year old manually done London gold fix will end, replaced by an electronic version. The question is will the new method result in a more transparent London fix or will it be a continuation of the same old game.
With the national debt now exceeding $18 trillion and having jumped 70% in the last six years, there are many cries for a return to the gold standard, which, it is believed, would limit government spending that has resulted in the massive increases in the national debt. A gold standard is a monetary system in
China is the latest to join the money printing binge, this time printing the equivalent of $81 billion. The goal: to fillip an economy that grew in August at “only a 6.9 percent” annualized rate. If the US economy were growing at 6.9 percent, the Dow would be at 25,000. The world’s central bankers are
Reports abound that Tuesday’s (Sept. 2) drop in the price of gold was due to a ceasefire between Ukraine and separatist forces, or whatever you wish to call them. Russian proxies–even Russian soldiers–would be more accurate. It is unlikely that any resolution to the Ukrainian conflict will please the West. Vladimir Putin holds all the
The US Mint reported that Gold Eagle and Silver Eagle sales through the first seven months of 2014 were down significantly as compared with 2013 sales for the same period. Dorothy Kosich, writing for mineweb.com, concluded: Investors’ lack of interest in gold and silver is being blamed for a substantial decline in American Eagle coin
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