Saturday, October 22nd, 2016 MST

Moody’s warns on US credit rating; Standard & Poor’s warns B of A and Citibank.

A recent Financial Times noted that the proposed overhaul of US financial rules threatens the credit ratings of Bank of America and Citibank. Standard & Poor’s, one of the world’s top two credit rating agencies, says that as proposed, the rules would make it less likely that the banks would be bailed out by taxpayers if the bank ran into trouble again.

Zimbabwe defaults; US raises debt ceiling limit

In moves that should have surprised no one, last week Zimbabwe defaulted on debt repayments and the United States raised its debt ceiling limit to avoid defaulting. Zimbabwe owed Caledonia Mining a mere $3 million. Because the debt was in US dollars and could not be printed (at least not by the Zimbabwean central bank),

Rob McEwen sees $5,000 gold

Rob McEwen, who can almost be called a living legend in the gold mining industry, says gold prices may reach $5,000 an ounce – and as soon as 2012 but maybe not until 2014.  McEwen sees loss of faith in the dollar being the reason for gold’s coming rise. “Money supply has expanded so rapidly

Fed + Treasury = Inflation

A long-time client, and successful commodities trader I add, sent the below: The following comments come from a Merrill Lynch publication today. “To repeat our Mantra: 1) Whatever MUST happen, WILL happen. 2) In a debt crisis, inflation is the ONLY solution. 3) The FED + US Treasury can create inflation. 4) As such, there

IMF sells 200 tons of gold to India

In a move that the gold market did not anticipate, the IMF sold 200 tons of gold directly to India’s central. It was widely known–commented on on this blog February 12, 2008–that the IMF would be a gold seller. Several years ago, the IMF let known its intentions to sell 400 tons of gold and

2009-dated US Mint Buffalo Gold coins being shipped

Friday, CMIGS began shipping the year’s first 2009-dated US Mint Buffalo Gold Coins. Before the release, there was speculation that the mintage would be low because the Mint did not produce them until late in the year. However, as of this writing, the Mint’s web site shows that 86,000 Buffalo Gold Coins have already been

Page 32 of 45« First...1020...3031323334...40...Last »