Buy gold ‘at any level,’ veteran investor says as central bankers ease

Buy gold ‘at any level,’ veteran investor says as central bankers ease

Mark Mobius, former executive chairman of Templeton Emerging Markets Group. Image courtesy of Bloomberg via YouTube. By Ranjeetha Pakiam and Haslinda Amin, Bloomberg News 08/20/2019 Veteran investor Mark Mobius gave a blanket endorsement to buying gold, saying accumulating bullion will reap long-term rewards as leading central banks loosen [...] Read more

History of the Klondike Gold Rush

By James Kwantes - Resource Opportunities 08/19/2019 Foreword: This tale grew from a chance nugget discovery along the shore of a humble Yukon creek carving through the remote Territory and became the great history of the Klondike Gold Rush. Join author James Kwantes as he touches down in the Yukon with 12 exciting stories and classic characters [...] Read more

The Gnostic Plague

By Hugo Salinas Price 07/13/2019 Eric Voegelin published a book titled "The New Science of Politics", in 1952. I present here some of the ideas of Voegelin, so far as I have understood them. (His is a difficult book to read). Unfortunately, Voegelin is no longer with us to correct errors in which I may have incurred. In what follows, I express [...] Read more

Russia ranks 4th in gold and foreign exchange reserves

By Zeratul 08/17/2019 https://glav.su/blog/32617/1402255/

U.S.: The strongest reduction in freight traffic since the collapse of 2008 continues

The decline in freight traffic has been going on for the 8th month in a row, and it is accelerating - the gap with last year is widening. The drop in July was 5.9%, which, together with May's minus 6%, means that it is now the worst dynamic since the collapse of 2008. As the authors of the report themselves note, more and more indicators are [...] Read more

Credit Bubble Bulletin: Comeuppance

By Doug Noland 08/17/2019 The Chinese Credit machine sputtered in July. Growth in Total Aggregate Financing dropped to $144 billion, almost 40% below consensus estimates. This was less than half of June’s $320 billion increase and the slowest expansion since February. The sharp slowdown was beyond typical seasonality, with the month’s growth in [...] Read more

Gold Miners’ Q2’19 Fundamentals

Gold Miners’ Q2’19 Fundamentals

Gold pour. Image from archives. By Adam Hamilton-Zeal Intelligence 08/16/2019 The major gold miners’ stocks have soared in recent months, fueled by gold’s decisive breakout to new bull-market highs. Nothing motivates traders like performance, so interest in this long-neglected sector has exploded. While gold stocks’ technicals and sentiment have [...] Read more

August 15, 1971 Richard Nixon suspends the Dollar to Gold convertibility

"Address to the Nation Outlining a New Economic Policy: 'The Challenge of Peace.' August 15, 1971". United States President Richard Nixon's address to the nation announcing the "temporary" suspension of the dollar's convertibility into gold. While the dollar had struggled throughout most of the 1960s within the parity established at Bretton Woods, [...] Read more

Is widening yield curve inversion lifting gold prices up?

Is widening yield curve inversion lifting gold prices up?

By Arkadiusz Sieron, Sunshine Profits 08/15/2019 The yield curve inversion just got more pronounced. Not only the spread between 10-year and 3-month Treasuries, now also the spread between 10-year and 2-year turned negative. That sends a warning signal about the state of the real economy. About a recession on the horizon. Some might argue that the [...] Read more

The Battle of the ‘Flations has Begun

The Battle of the ‘Flations has Begun

By Tom Luongo 08/15/2019 Inflation? Deflation? Stagflation? Consecutively? Concurrently?… or from a great height (apologies to Tom Stoppard). We’ve reached a pivotal moment where all of the narratives of what is actually happening have come together. And it feels confusing. But it really isn’t. The central banks have run out of room to battle [...] Read more

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