Behind the Scenes Glimpse At The War On Gold & Silver

“Open interest is up, particularly for silver, but both gold and silver prices are stuck near support.  The price of gold has hardly moved over the past week, and remains in a narrow trading range on either side of $1280.  Normally one would expect to see a rise in price with the jump in open […]

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CIA Database Tracks All US Money Transfers

While hardly as dramatic as ongoing revelations of Big NSA Brother probing every aspect of Americans’ lives, overnight the WSJ reported that in addition to the complete loss of privacy – which should now be taken for granted – the CIA has been added to the list of entities that scrutinize every online interaction, and […]

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Empire Manufacturing Collapses To Lowest Since January

The headline Empire manufacturing data missed expectations by the most since January (the 4th month in a row) and plunged to its lowest since January. Across the board sub-indices collapsed (every one of them) into contraction with shipments down from over 13 to -0.5, and New Orders down from 7.75 to -5.5. “Hope” didn’t save it […]

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Citi Warns "Fed Is Kicking The Can Over The Edge Of A Cliff"

It is becoming increasingly obvious that we are seeing the disconnect between financial markets and the real economy grow. It is also increasingly obvious (to Citi’s FX Technicals team) that not only is QE not helping this dynamic, it is making things worse. It encourages misallocation of capital out of the real economy, it encourages poor […]

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Is It Wrong To Be "Anti-Government"?

It is natural for a society to search for explanations and motivations in the wake of a man-made tragedy. It is also somewhat natural for people to be driven by their personal biases when looking for someone or something to blame. In recent years, however, our country has been carefully conditioned to view almost every […]

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Central Banks Risk Asset Bubbles in Battle With Deflation Danger

Central banks are finding it’s easier to push up stock and home prices than it is to prevent inflation from falling short of their targets. While declining costs for everything from gasoline to coffee can be good news for consumers, disinflation makes it harder for borrowers to pay off debts and businesses to boost profits. The greater […]

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Dawn Of A Terrifying New Financial, Monetary & World Order

“And the kings of this ‘New Financial Order’ are going to be none other than China, Russia, and Germany.  The United States is not going to be there.  They are going to have a role to play, but it’s not going to be a primary role when it comes to the monetary system, the financial […]

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Global Corporations Are Net Sellers Of Their Equity For The First Time Since The Lehman Crisis

JPM’s “flows and liquidity’ expert Nikolaos Panigirtzoglou, who last week spotted the “most extreme ever excess liquidity [10]” bubble, has just noticed yet another indication that not even corporations believe in further equity upside. While on one hand it has been well-known that during the entire Fed-driven equity bubble, corporate insiders have been aggressive sellers of […]

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Sociopathic Western Central Planners Creating Hell On Earth

“On Thursday they came forward with an upward revision of the 3rd quarter GDP, from 2.3%, to 2.8% — all of which was driven by business inventory accumulation and less imports.  Neither of those are a positive indication of economic activity, and yet this was used as a cover to drive gold down some $20 […]

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NEWS US Fed to get greater powers: Bernanke

Bernanke said the absence of a process to deal with systemically important institutions in 2008 left regulators facing the “terrible choices of a bailout or allowing a potentially destabilising collapse”. Bernanke is making the comments at a conference sponsored by the International Monetary Fund. The financial overhaul law passed by congress in 2010 gave regulators […]

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