Sunday, October 23rd, 2016 MST

Central banks turning gold buyers

For the CBGA (Central Bank Gold Agreement) year to end September 30, central bank gold sales are estimated to be 6.2 tones, down 96% from their high of 497 tons for the CBGA year ended September 30, 2005, the year for the highest sales under the CBGA.  Over the last ten years, central banks sold

Gold & Silver Breakout

In the September 11 interview with Eric King of King World News, I mentioned that a number of credible analysts were saying that gold and silver looked like they were about the have a technical breakout to the upside.  Gold’s and silver’s price action since have confirmed those predictions. In the interview, I warned long-term

Lessons for America from Germany’s Hyperinflation

President Obama just announced another stimulus program, the previous spending having fallen far short of turning the economy around.  Polls show that many Americans are opposed to deficit spending in efforts to get the economy moving again.  After all, it was the Fed’s loose-money policies that caused the housing bubble.   While Establishment economists blame

US Treasuries: the Mother of All Bubbles?

Speaking on a recent CNBC broadcast, Peter Schiff, president of Euro-Capital, said, “The bond market is the mother of all bubbles right now.  When it bursts the losses will dwarf the combined losses of the stock market bubble and the real estate bubble.” Marc Faber, author of the Gloom Boom and Doom Report, on the

Silver Price Explosion?

Does a silver price explosion lie just ahead?  Ben Davies, in an analysis prepared exclusively for, lays out a case for a silver price explosion.  Davies is CEO of Hinde Capital, London. Although Davies sees trading opportunities, long-term buy and hold investors can take solace in Davies’ analysis.  If silver does enjoy a move

New 1099 Reporting

New 1099 reporting rules buried in the Obama’s health care legislation — if they go into effect — will have a major negative impact on precious metals dealers and their clients. Just as bad, the new regulations will have a harmful impact on all businesses. Legislation has already been introduced to repeal them before they go into effect.

Huge reduction in LCs’ net short position in gold

Most gold and silver investors are in precious metals because of macro (big picture) economic and financial circumstances in which the world now finds itself after seven decades of Keynesian economics and statist politics.  These investors are content to take positions in the metals and hold them, while maybe adding to their positions as opportunities

100-kilogram Gold Maple Leaf sells at auction

In 2007, when the Royal Canadian Mint introduced a limited edition series of 1-oz .99999 fine Gold Maple Leafs, the Mint also produced five 100-kilogram .99999 Gold Maple Leaf coins with face values of $1 million Canadian.  The 100-kilogram coin measures 20 inches in diameter and weighs right at 220 pounds on a bathroom scale.

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