I’ve written for some time about a bottom being put in for gold and silver in December 2015. However, the renewed bull market has not been recognized. So, just what will it take for the metals to move up strongly enough so that they will again gain investors’ attention?
There is a movement underway to convince Republican members of the Electoral College to switch their votes away from Donald Trump to get someone else installed as president. The preferred “other person” that would most please the backers of this movement would be Hillary Clinton. Still, the Trump detractors would be satisfied with just about
Tuesday last week, India’s Prime Minister Narendra Modi demonetized 86% of the money in circulation, except for special uses. Ostensibly, it was a move to check black money, i.e., counterfeit money, money that was gotten through graft or corruption and money on which taxes had not been paid. In the four trading days following the
The dollar is a favorite refuge for money seeking safety as the European banking crisis again dominates financial news. Consequently, 10-year US treasury bills are now yielding a record low of 1.39% as money pours into them. (As bond prices are bid higher, yields drop.)
According to the New York Times, Saudi Arabia recently told Obama administration officials and members of Congress that it could be forced to sell up to $750 billion in treasuries and other assets in the United States if Congress passes a bill that would allow the Saudi government to be held responsible in American courts
Despite a supposed truce, Monday pro-Russia troops launched an intensive attack, including the use of tanks and rockets, in what looks like an effort to take the town of Starohnativka. The town lies strategically in the land route that Russia wants to Crimea, which Putin engineered the annexation of in September 2014. Since the agreement