Despite the buzz about Janet Yellen being selected to head the Fed, so far the gold and silver markets are unimpressed. Over the months leading us to Obama’s selection, there was much speculation that a Yellen appointment would fillip gold and silver prices, but that was not the case. Prices were expected to rise because
There is no great challenge to being successful when you have the sole legal right to create new money. On the other hand, convincing the American people and Congress to go along with such a scheme through the creation of a third central bank, the Federal Reserve, was no small task. But with that task
Friday, October 11, 2013 Zero Hedge In what world is it rational to decide that dumping 800,000 ounces of notional gold into the London Fix (or COMEX open) makes sense? In the space of 4 minutes, almost 2 million ounces notional were flushed into the gold futures markets dumping the price of gold to 3-month
When the Fed announced that it would not immediately begin reducing (tapering) its “asset purchases,” that was a watershed moment, and it will have tremendous impact on the gold and silver markets in the years ahead. For decades, Keynesian economists have asserted that governments can manage economies by deficit spending and money manipulation. Basic to