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Monday
Aug212017

'There Is No Cure for this Disease...'


In 1934, through the Gold Reserve Act, President Roosevelt devalued the dollar from $20.67 dollars per ounce, to $35 dollars per ounce.

The devaluation was excessive, meaning that at $35 dollars per ounce, the world considered that it would rather own American dollars - as undervalued - rather than gold; for this reason, and because of fears regarding another World War, the world shipped enormous quantities of gold to the US, in exchange for US dollars.

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Tuesday
Aug152017

Gold Miner ETFs: A Stage Set for Inflow Reacceleration?

RBC Capital Markets' mining and materials equity team says inflows could return in the September-end quarter based on "strengthening in net speculative position and positive gold price momentum."

 

Gold spot prices are down about 0.91% so far Tuesday, trading hands at around $1,278.60 per troy ounce in the afternoon.

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Wednesday
Aug092017

How Much Gold Should the Common Man Own?

Posted by  | August 8, 2017 11:09:31 | Economics

Earlier today, I had the pleasure of discussing gold, equity valuations, bond bubbles, and inflation with Greg Hunter at USA Watchdog.

In the interview, I mentioned the nearly “everything bubble” and stated a belief that gold was one thing that was not in a bubble.

Following the interview, Hunter asked me to put my thoughts on gold and the “nearly” everything bubble in writing. Specifically, Hunter asked: “How Much Gold Should the Common Man Own?”

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Sunday
Aug062017

QE Making a Comeback? Frank Giustra Thinks So (Part 3/4)

The Federal Reserve has backed itself into a corner, especially with the rate hike it announced last week, this according to mining maverick and Fed critic Frank Giustra. In an exclusive interview with Kitco News,

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Sunday
Jul302017

As markets hit highs, what could possibly go wrong?

The title of novelist Edna O’Brien’s 1965 book, August Is A Wicked Month, may carry more than a little relevance for nervous investors around the world this year.

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Tuesday
Jul252017

Bogus Fed Research Claim: “Gold Standard Didn’t Really Tame Inflation”

The Wall Street Journal reports Gold Standard Didn’t Really Tame Inflation, New Research Says.

The research was by St. Louis Fed economist Fernando Martin. Curiously, his study precisely shows that the gold standard did indeed tame inflation.

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Monday
Jul242017

Gold Prices Supported By the Dead Cat Dollar 

Background

Gold prices move up and down against different currencies depending on the strength of gold and also the respective performance of the currency that gold is measured against. Our interest is in golds performance when compared with that of the US Dollar. Gold has an inverse correlation with the dollar so when the dollar does well gold prices tend to fall and vice versa. Gold made an all-time high in 2011 peaking at $1900.00/oz just as the dollar traded below ‘75’ on the US Dollar Index. Since then we have seen the dollar improve and touch the ‘103’ level at the end of last year, registering a gain of some 27%. This correlates with golds fall of around 34% ($1900/oz to $1250/oz) for the same period.

 

US Dollar Chart


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Wednesday
Jul192017

Time To Position In Gold Is Right Now says James Rickards



 

– “Time to position in gold is right now” – James Rickards

– Fed has hit the ‘pause’ button; No more rate hikes for foreseeable future

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Wednesday
Jul192017

Are you living in the same place that you were brought up in?

 

For those of you who have changed the country you live in, you will probably find out that migrating solves some problems, but can create others.  For example, homesickness which varies with stages of life and individuals. Your love partner may be more homesick than you or vice versa.

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Tuesday
Jul112017

Knife Edge Stuff for Gold and Silver Stocks

Background

The precious metals sector of the market continues to oscillate widely; rallies start with an abundance of energy creating much excitement only to fall back and test various support levels.

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