We permabears should be careful what we wish for, however, since deep hardship affecting the broad middle class, the poor and even the very affluent could persist for a long time -- perhaps a decade or more...
The notorious gold-futures speculators just struck again, selling aggressively and pummeling gold sharply lower. Another red-hot inflation report goaded them into puking out more contracts, which is supremely irrational...
The two industry leaders discuss the coordinated efforts behind the dollar devaluation, growing paper vs physical divergence, and the potential bullish scenario for gold that might unravel by the end of this year.
Pension funds have an enormous responsibility. They actually receive only a fraction of what they eventually pay out. If returns aren’t sufficient they may not be able to pay benefits as committed without...
If this is finally THE post-bubble contraction the Fed is going to have to invent some new form of manipulation or else it’s going to be a long (and long overdue) economic and financial market contraction...
We would argue that as Chair of the Federal Reserve Bernanke merely delayed the inevitable, he just kicked the can down the road for his predecessors to deal with.
The money supply in the United States and throughout the world exploded and inflation soared here and abroad. The gold price in U.S. dollars went down.
In my opinion, the precious metals sector is on the same path that it went down (and then up) in the summer/autumn of 2008. Gold and silver are very undervalued relative..
The agency accuses Higgins and his companies of misappropriating $7 million dollars in assets of over 200 clients through what is described as a “fraudulent silver leasing program.”
