12
Mar

We Are Not Off to the Races Yet With Gold

Gold has had a nice bounce now off the bottom set in December of 2013, but are we off to the races just yet? Here is what I wrote last month where I concluded  “we could go higher from here for a bit to trap more of the bulls who say the bottom is in.” We should start to see …

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30
Dec

Gold and Dollar Down but Both Will Rise Next Year

As I pointed out in my last article, I expected continued selling of gold by the big boys; the Hedge Funds, Mutual Funds and Professional traders and they didn’t disappoint. The largest ETF; SPDR Gold Shares (GLD) saw an outflow of 12.9 metric tons last week. From Kitco; Holdings of gold by SPDR Gold Shares (GLD), the world’s largest exchange-traded …

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7
Nov

Fed Quantitative Easing Coming to an End Sooner than Expected? Hardly!

The results of the Fed decision came in. No taper. But the stock market sold off that day and so did gold. Why? The answer may be found in the following article posted at CNBC where they state; “but markets interpreted language in the decision to mean that the end may come sooner than expected.” If markets and price action tell …

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16
Oct

The Federal Reserve – Lender and Buyer of Last Resort

Can the Federal Reserve save the U.S. economy from failure? Is this their mandate? When you research “lender of last resort (LLR),” which is what the Fed is supposed to be, you mostly find the source to be Walter Bagehot’s Lender of Last Resort Doctrine.  This doctrine came about from Bagehot’s book, Lombard Street: A Description of the Money Market. Hartley Withers, in …

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22
Sep

Did Bernanke Implement QE Infinity to Save the Euro?

When the Euro was imploding earlier this year the dollar was the main beneficiary. With all the problems coming from countries like Greece, Portugal, Italy and Spain, the dollar was flew past 80 on the index and the Euro was in fact approaching its mid-2009 lows in the 118/119 range, an area I thought it would reach. But a funny …

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5
Sep

What the Data Really Tells Us and How It Will Affect Gold and Stocks

The U.S. economy is on the cusp of something big. The questions on everyone’s mind are as follows; 1. Who will be our next President and how will that affect the stock market? 2. Will gold and silver be viewed as a safe haven or fall in price like they did in 2008 if the recession deepens? 3. Will the Fed

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24
Jan

Euro and Yen Make Up 71.2% Of Dollar Index Which Is Why I Am Dollar Bullish

How many times do you hear someone who sells gold and silver be dollar bullish? Probably not very often. But when you look at what the Dollar Index represents, a basket of other currencies, it’s quite easy to be dollar bullish right now. This doesn’t mean that the dollar is any stronger as far as it’s purchasing power mind you. …

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25
Mar

The Lender of Last Resort Isn’t the Fed or ECB, It’s YOU!

Banks always are bailed out by the government or the Fed and in Europe’s case, the equivalent of the Fed, the European Central Bank (ECB). The ECB is who is keeping Portugal’s banks afloat. But it’s also the IMF who likes to stick their greedy fingers into the pie, just as they have in many other countries, like Jamaica for …

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25
Mar

Failed European Bank Stress Tests Offer Even More Reasons To Own Physical Gold and Silver

One by one, country by country, the Eurozone’s PIIGS (Portugal, Ireland, Italy, Greece and Spain) are succumbing to the excesses of the credit expansion era that saw out of control government spending and banks lending to businesses and consumers who now can’t pay the loans back. At the same time, the traditional way banks make profit has also disappeared as …

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