Monday, September 26th, 2016 MST

Bill Haynes on KingWorldNews

Fridays, Eric King interviews Dan Norcini of Jim Sinclair’s JSMineset.com and me for KingWorldNews.com’s Weekly Metals Wrap.  Generally, Dan talks about the technical aspects of the market, and I comment on the action in the physicals market.  My remarks are short and usually casual. In last week’s comments, I noted how the atmosphere in the

The Keynesian endgame

In 1971, the dollar was officially relieved of its false promise of gold convertibility by creditors to the United States. In an attempt to spare the world’s economies from the effects of creative destruction, free markets and the invisible hand were traded in for centrally planned economies. Instead of market participants determining who succeeded and failed, that task increasingly became the domain of academicians, central bankers and politicians.

QE3 is a given

Notable mainstream economists and influential policy makers are calling for more quantitative easing, so many that QE3 is a given.  Officially, it will be QE3, but in actuality it will be QE4 because “Operation Twist” is quantitative easing with another name.  One important voice now calling for another round of QE is no less than

COT Report suggests silver prices may have bottomed

Precious metals investors are clearly on the sidelines as prices have suffered severe declines in the past few months. Now, though, that are indicators that prices have bottomed. Analysis of the COT Report suggest that the Large Commercials (LCs) are not position for lower prices, which may indicate that a bottom is being put in.

Red and Blue and Broke All Over

Although the title, Red and Blue and Broke All Over, suggests that the book is another expose of America’s dire financial state of affairs, that is not the case. Red and Blue inextricably links our prosperity to our liberties and warns that if “solutions” to our existing financial woes and the “War on Terrorism” put still more controls on us, our prosperity will decline as our liberties vanish.

Romney promises to feed the gold bull

A while back I caught a Peter Schiff interview on one of the mainstream financial channels where he was recommending gold. The interviewer commented that for every investment thesis there existed a scenario in which the thesis would fail. He asked, what was that scenario for gold? Mr. Schiff replied that it would require massive spending cuts out of Washington DC and a balanced budget.

There is no free market in gold

Anyone who has been paying attention to the precious metals world over the last couple of years is well aware of the circumstantial evidence of price manipulation. None of which is particularly surprising, as all the way up through the gold pool of the late 1960s, it has been the open policy of the US and UK governments to control the dollar price of gold.

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