USD as a Percentage of Global Reserves Down, then Up. What’s next for Gold?

When the euro arrived on the scene, it took over around 32% of global foreign exchange reserves from the USD, with the tacit approval of the U.S. This dropped the USD’s percentage of global reserves from 95% to around 63%. Since then [2000] its percentage of reserves dropped from 63% to 53% and now has […]

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Three Reasons Why Gold's Best Days Are Ahead

It may be hard to find someone as enthusiastic about precious metals mining as Sean Brodrick. A natural resource strategist with the Baltimore-based Oxford Club, an independent financial organization, Brodrick isn’t only filling his own portfolio with gold miners, he’s launching two new newsletters to research and vet resource stocks. While Brodrick might be putting […]

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Gold and Silver Price Manipulation from the Top Down

The manipulation of gold prices, along with practically every other asset class, has perfectly transparent legal precedent. The precious metals political hot potato taboo has been strong enough to make it almost impossible for the mainstream to understand. And while it is perfectly plausible and even celebrated by the practitioners, the greatest threats to economic […]

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Which America Do You Live In? – 21 Hard To Believe Facts About “Wealthy America” And “Poor America”

Did you know that40 percent of all American workers make less than $20,000 a year before taxes?  And65 percent of all American workers make less than $40,000 a year before taxes.  If you work on Wall Street, or have a cushy job with the federal government, or work for a big tech firm out on the west […]

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Don’t Worry – The Government Says That The Inflation You See Is Just Your Imagination

If you believe that there is high inflation in the United States, you are just imagining things.  That is the message that the U.S. government and the Federal Reserve would have us to believe.  You might have noticed that the government announced on Wednesday that the cost of living increase for Social Security beneficiaries will only […]

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Consumer Confidence Plunges Most In 2 Years

“Following the lowest UMich confidence print in 2013 [16], Gallup’s economic confidence collapse [17], and Bloomberg’s index of consumer comfort signaling major concerns among rich and poor in this country (in spite of record highs in stocks), today’s Conference Board Consumer Confidence data  continues to confirm a problem for all those ‘hoping’ for moar multiple expansion. From 80.2 in September, confidence […]

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Case-Shiller Beats: Bankrupt Detroit Among Top 5 Fastest Appreciating Housing Markets

“If yesterday’s collapse in September existing home sales was indicative that Housing is tumbling and it means the Fed will not taper until mid 2014 sending the S&P to a new record high, today’s August Case Shiller, which beat expectations of a M/M increase of 0.65% with a 0.93% print, and an increase of 12.82% […]

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September Retail Sales Come In Line With Expectations As Unclothed Americans Buy iPads

“Moments ago hopes that the S&P would hit 1800 on an epic miss in the September retail sales were dashed after both the headline and ex-auto/gas numbers came largely in line. The total Seasonally Adjusted retail sales for September dipped modestly by 0.1%, on expectations of an unchanged print. Excluding autos the number was exactly […]

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“Screen Traded Fiat Gold Could Get a Violent Wake-Up Call”

“Already more prudent hedge fund, investment and pension fund managers have liquidated their ETF positions in favour of allocated physical bullion. We would expect that trend to accelerate as prudent investors rightly seek to avoid the high level of counterparty and systemic risk associated with exchange traded gold and other forms of unallocated gold and paper gold.”   […]

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Obama administration knew millions could not keep their health insurance

“President Obama repeatedly assured Americans that after the Affordable Care Act became law, people who liked their health insurance would be able to keep it. But millions of Americans are getting or are about to get cancellation letters for their health insurance under Obamacare, say experts, and the Obama administration has known that for at […]

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