Will central banks survive?

By Tuomas Malinen 08/26/2019 Almost all economists and the vast majority of the general population erroneously believe that central banks are, basically, indestructible. And most fail to appreciate that central banks are different from normal commercial banks in just two respects: their ability to earn seigniorage revenue, and to distort [...] Read more

Peter Schiff: Gold Is Not Going to Stop This Time

Peter Schiff: Gold Is Not Going to Stop This Time

By SchiffGold 08/27/2019 Gold has continued to push upward. The latest catalyst was another escalation of the trade war. Gold briefly moved above $1,550 in dollar terms. But it has done even better in relation to other currencies. In fact, the yellow metal is at record highs in nearly every currency except the dollar. Peter Schiff appeared on RT [...] Read more

New Gold & Silver Bull Analogs

New Gold & Silver Bull Analogs

By JORDAN ROY-BYRNE, Daily Gold 08/25/2019 Back during the bear market years (it’s nice to be able to write that now), I regularly would compare the declines in Gold, Silver and gold stocks to their past history. It gave us a visual representation of just how bad the forever bear market was and helped us decipher when it might end. Thankfully that [...] Read more

World needs to prepare for return to gold standard as Washington disrupts financial order

World needs to prepare for return to gold standard as Washington disrupts financial order

Illustration: Xia Qing/GT By Global Times 08/25/2019 The safe-haven property of gold has fully manifested in recent weeks. Spot gold hit $1,535.11 an ounce on August 13, the highest level since 2013. I believe the gold price could reach as high as $1,800 an ounce in the future, and in the meantime, there will be increasing discussions about the [...] Read more

Central banks just love gold and it’s going to stay that way

Central banks just love gold and it’s going to stay that way

By Bloomberg News 08/27/2019 A major gold-buying spree by central banks is likely to persist in the coming years, according to Australia & New Zealand Banking Group Ltd., which flagged the potential for further purchases by nations including China. “In the current environment, where uncertainty in emerging-market currencies is high, we see [...] Read more

Australia’s gold output reaches record high in 2018

Australia’s gold output reaches record high in 2018

Newmont’s Kalgoorlie gold mine in Australia. Image courtesy of Wikimedia Commons By Canadian Mining Journal Staff 08/26/2019 Australian gold output reached an all-time record high of 10.3 million oz. in the most recent fiscal year. Figures from U.S. Global Investors indicate that the country produced 321 tonnes of gold in 2018. Meanwhile, Canadian [...] Read more

Gold pares gains as Trump ratchets down China trade-war tension

Gold pares gains as Trump ratchets down China trade-war tension

Image courtesy of Wikimedia Commons 08/26/2019 Gold pared gains after U.S. President Donald Trump said China was willing to resume trade talks, easing demand for the metal as a haven. Bullion futures for December delivery advanced 0.1% to $1,539.60 an ounce at 9:34 a.m. on the Comex in New York, after surging as much as 1.8% to the highest since [...] Read more

J-Hole Surprise...QE Is Back?!?

By Chris Hamilton 08/23/ 2019 Summary Federal Reserve holdings of Treasury's has risen for the first time since QE ended in 2014. Quantitative Tightening is over, but is outright QE back??? Ongoing "direct monetization" continues, with un-matched declines in Excess Reserves versus Fed held Treasury's and MBS. Interesting that this week, for the [...] Read more

Credit Bubble Bulletin: Trade War Escalation and Bombs

By Doug Noland 08/24/2019 August 23 – Reuters (Se Young Lee and Judy Hua): “China said on Friday it will impose retaliatory tariffs against about $75 billion worth of U.S. goods, putting as much as an extra 10% on top of existing rates in the dispute between the world’s top two economies. The latest salvo from China comes after the United States [...] Read more

Asia Gold-price dip tempts some buyers

Asia Gold-price dip tempts some buyers

Image from archives By Brijesh Patel in Bengaluru and Rajendra Jadhav in Mumbai; Editing by Arpan Varghese and David Goodman, Reuters 08/23/2019 Most Asian hubs experienced a slight uptick in physical gold demand this week as consumers took advantage of a retreat in prices, with cheaper silver continuing to be the preferred bet. While global [...] Read more

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