Thursday, September 21st, 2017 MST

Black swans circling

The North Koreans are now believed to have developed a hydrogen bomb, hundreds or even thousands of times more powerful than the atomic bombs dropped on Hiroshima and Nagasaki.  Further, North Korea has exhibited the capability to launch intercontinental ballistic missiles, which could deliver their bombs.

Old U.S. gold coins at really low prices

As this is written, our Gold Specials Page has XF-grade $5 Liberty Head gold coins at the incredibly low price of 5% over spot, meaning 5% over the value of their gold content. By incredibly low, I mean compared with historical prices, with competitors’ prices and with comparable coins’ prices.

Germany repatriates its gold, at least some of it

Last week Germany’s central bank pompously announced that it had completed its repatriation of $31 billion in gold from Paris and New York, ridiculing earlier speculation that the gold had somehow been compromised.  A widely circulated theory was that Germany’s gold had been borrowed by bullion houses and delivered against futures contracts that were sold

A Fed rate hike in the works?

New York Fed President William Dudley said that he supports another rate hike this year if the economy “evolves as he expects.”  He also thinks it’s reasonable for the Fed to start selling part of its $4.5 trillion portfolio, which it accumulated through several quantitative easing programs.

High-Tech analyst bullish on gold

Nothing could be further apart than the high-tech industry and gold.  The high-tech industry didn’t come about until the development of the computer.  Gold has been with us for thousands of years. Fred Hickey, editor and publisher of The High-Tech Strategist, recently turned bullish on gold.   His reasons include fundamentals (production and  supply/demand) and central