Sunday, September 25th, 2016 MST

Why is gold getting hammered?

“Why is gold getting hammered? “the caller asked.  I could hear dejection in his voice. “Gold’s not getting hammered,” I said.  “The euro’s getting hammered, and right now, just as I’ve warned on my Weekly Metals Wrap interviews with Eric King at King World News, for a while to come gold will trade against the

$46 silver on its way?

Let me start by saying that I am not a technical analyst. Consider the following to be for learning or entertainment purposes only. If you take a look at the silver chart from last October there appears to be a classic reverse head and shoulders pattern forming with a neckline in the $36-37 area. This is considered to be a very bullish formation.

QE, or not QE, that is the question

There’s so much confusion in the short term markets regarding QE and its ilk, that it’s easy to get whipsawed into oblivion – or at least complete frustration. You must maintain a steady fix on the big picture. Regardless of what the mainstream media experts would have you believe, none of the problems of the last four or forty years have been solved. In fact all of them are now worse.

The fiat dollar and the de-industrialization of America

I highly encourage you to read the latest interview with Hugo Salinas Price.  Mr Price is a retired billionaire who made his fortune via a chain of appliance stores in Mexico.  He is also a tireless advocate of sound money.  His plan to reintroduce silver as a competing currency in Mexico would make it the most sought after money in the world bar none. It is well worth your time to understand the details of how he proposes to do this. 

Buy the dips; it’s a long-term bull market

Despite recents price declines, gold and silver remain in long-term bull markets. The primary driver of prices is the expansive monetary policy of the US since President Nixon closed the gold window in 1971. Having absolutely no links to gold enabled the Fed to create trillions of dollars in the wake of the panic of 2008. Massive monetary inflation is followed by massive price inflation.

Ron Paul T-Shirts

Political pundits remain amazed at 76-year old Ron Paul’s appeal to America’s youth. When he goes to college campuses, students show up in groves. A couple of years ago, his flight from Houston to Phoenix was weather-delayed for hours, but when he arrived at ASU thousands still waited to hear him speak.

Gold, Peace and Prosperity

In the GOP presidential debates, when Ron Paul talks about economics he is a giant among pygmies. None challenge him. The best his opponents can come up with is to rail about the need to balance the budget. But, when he brings up the issue of the business cycle, the other candidates look like they want climb under the podium. Further, no moderator has ever sought to question his economic positions.

More BS from the BLS

In 1954, Darrell Huff wrote his classic book How to Lie with Statistics, which covered many popular ways people use and abuse statistics to make them say anything they want.  Well, it appears that our good friends at the Bureau of Labor Statistics (BLS) are no stranger to these techniques.  Last Friday they released their

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