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
The move to repeal 1099 reporting that was buried in Obama’s health care bill suffered a setback with the defeat of S.3578, which would have repealed the law. However, H.R. 5141 is still alive in the House and has gained more cosponsors. The battle goes on.
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
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
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