Sir John Glubb. John Bagot Glubb was born in 1897, his father being a regular officer in the Royal ...

Gold and commodities

By Alasdair Macleod 11/22/2013 The relationship between gold and commodities is essentially a simple one. If you look at long-term charts of oil priced in gold for example, you find that they have been more constant than oil priced in paper currencies. In 1965, gold was at $35 and oil was priced at $2.90 per barrel, so priced in gold oil was 0.083 [...] Read more

The geopolitics of gold

By Alasdair Macleod 10/10/2013 (SIC) Western central banks have got themselves horribly wrong-footed as a result of not adjusting their anti-gold policies to allow for the realities of Asian gold demand. Though their dealings are shrouded in secrecy, there is compelling evidence that much – if not most – of Western central bank gold has been [...] Read more

"Heavy Hitter" 12ga. slugs

"Heavy Hitter" 12ga. slugs - First Tests - With Exploding Mod A shotgun slug that acts like a HESH tank round! HEAVY HITTER "Steampunk" SLUG - Full Rifling Test

Credit Bubble Bulletin: The Ignore Them, Then Panic Dynamic

By Doug Noland 05/25/2019 After years of increasingly close cooperation and collaboration, the relationship has turned strained. Both sides are digging in their heels. Credibility is on the line. If one side doesn’t back down, things could really turn problematic. The Fed is asserting that it’s not about to lower the targeted Fed funds rate. [...] Read more

Negative Interest Rates Spread To Mortgage Bonds

BY JOHN RUBINO 05/24/2019 There are trillions of dollars of bonds in the world with negative yields – a fact with which future historians will find baffling. Until now those negative yields have been limited to the safest types of bonds issued by governments and major corporations. But this week a new category of negative-yielding paper joined the [...] Read more

Mali official gold exports increase 15% in 2018 to over 61 tonnes

By Tiemoko Diallo Writing, Tim Cocks Editing, Juliette Jabkhiro, Reuters 05/24/2019 Mali gold exports increase by 15.4% to 61.63 tonnes in 2018, up from 53.4 tonnes in 2017, National Institute of Statistics says, mostly owing to stronger industrial production. * Value of gold exported in Mali increased to 1.46 trillion CFA francs ($2.40 billion) [...] Read more

Norway: Oil production fell to 30-year lows - only 42% of the peak

By The Norwegian Petroleum Directorate 22/05/2019 Preliminary production figures for April 2019 show an average daily production of 1 729 000 barrels of oil, NGL and condensate, which is a decrease of 24 000 barrels per day compared to March. Total gas sales were 10.2 billion Sm3 (GSm3), which is a decrease of 0.6 GSm3 from the previous month. [...] Read more

The Terrifying Truth About Negative Interest Rates

By John Rubino 05/22/2019 Pushing interest rates below zero is both an act of desperation and something that in theory should have a huge, immediate impact of the behavior of borrowers and savers. The fact that negative rates have become the new normal in big parts of the world but haven’t caused the expected behavior change should scare the hell [...] Read more

What is GLD’s gold inventory telling us?

By Saville, Steve 03/06/2019 An increase in the amount of gold bullion held by GLD (the SPDR Gold Shares) and other bullion ETFs does not cause the gold price to rise. The cause-effect works the other way around and in any case the amount of gold that moves in/out of the ETFs is always trivial compared to the metal’s total trading volume. However, [...] Read more

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