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Commentaries

New Sound Money Caucus Launched on Capitol Hill

As the political and central banking establishment in Washington continues to bail out the economy and markets by creating trillions of unbacked pieces of paper and electronic digits, a handful of Congressmen hope to shine a new spotlight on the devastating effects of this runaway financial profligacy.

Gold After Dollar Dominance

Today, if gold had the same kind of performance as the Dow since around the creation of the Federal Reserve in 1913, then it would have topped out at around $7 758 [(29568/78.78)*20.67].

Massive Surge In U.S. Gold Imports Signals BIG TROUBLE Ahead For The Financial System

While the huge surge in U.S. gold bullion imports during April was mainly due to supply disruptions, it’s an IMPORTANT SIGNAL that all is not well in the Global Financial System. 

Pareto Principle Prices and Game Changers

The 80/20 rule applies in other areas where the distribution of wealth, income, assets, mischief, and nonsense are not equal.

U.S. in Long-term Economic Decline

The US has been in decline for decades, but you can’t see that by looking at stocks. You can’t tell it from those who lie about the economy to make their living, but look at longterm real numbers, and you see an empire in decline that just got its wobbly legs kicked out by COVID-19.

Why Fed Bugs Really, Really Hate Gold

For our purposes, Fed bugs are people with a faith-based belief in the power of central banks (and central bankers) to engineer economic growth using "monetary policy,"despite decades of history and current evidence to the contrary. They believe tinkering with inputs and rates and velocity and flows somehow makes us richer in terms of productivity, goods, and services.

Technical Scoop: Gold high, silver outperform, Friday reversal,stocks rise, rates low, financial stimulus, economic plague

What stands out? Soaring gold and silver prices; a soaring stock market (Wall Street); and, a pandemic, unemployment and political divisions (Main Street). Oh yes and we are now only 85 days from what may be the most divisive election in U.S. history.

Gold’s Relativity, Do not take your eye off the prize

Gold’s value is relative. It doesn’t really matter how many digits it takes to express the price. Its true value lies in what those digits represent in terms of purchasing power.

Is Fed Head, Jay Powell, Serious?

This is indeed the Golden Age of Fraud, with those appointed to manage the system ethically and responsibly leading the charge. The actions at the Fed are conspicuously irresponsible, if not beyond appalling.

The Big 8 Are Still Mega-Short Silver and Gold

I'm also watching the flows of physical metal into the world's mutual funds and ETFs, which continues unabated -- and at a rabid pace.  The amount of silver and gold going into these funds continues to outpace world mining production -- and the amount of silver that JPMorgan has been ordered to part with, or is prepared to sell, is finite.  The same can be said of how much unallocated gold there is available in London, as that's most certainly the source for a large percentage of the gold that…

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