LATEST NEWS : At least 6 Chinese cities had to bail out their real estate markets last month

According to the Chinese financial publication Securities Daily, emergency real estate rescue packages have been launched in large cities such as Wuxi, Nanning, Hangzhou, Tianjin, Tongling and Zhengzhou in the last month alone. “Zhengzhou created a mortgage guarantee policy to win back banks’ confidence” according to the story. Further, “if a borrower does not fulfill […]

Continue reading

LATEST NEWS : John Paulson Is Sticking To His Big Bet On Gold

John Paulson’s Paulson & Co. Holdings is out with its 13F. Paulson kept maintained his stake in SPDR Gold Trust. As of March 31st he had 10,234,852 shares of SPDR Gold Trust, valued at about $1.3 billion. Paulson, who got rich by shorting subprime mortgages, took a beating on his gold bet in 2013. It’s worth noting […]

Continue reading

LATEST NEWS : And They Say the Economy Is Getting Better?

The Chinese economy had been growing at about 10% a year, like clockwork, for years. Now, China is in the midst of an economic slowdown, with growth expected to come in this year at 30%–50%below China’s five-year average growth rate. Why is China’s economy growing so slowly, and why does it matter to us here in North […]

Continue reading

LATEST NEWS : French Foreign Minister: '500 Days to Avoid Climate Chaos'

Secretary of State John Kerry welcomed French foreign minister Laurent Fabius to the State Department in Washington on  Tuesday to discuss a range of issues, from Iran to Syria to climate change. Or, in the words of the foreign minister, “climate chaos.” Kerry and Fabius made a joint appearance before their meeting, and the foreign minister warned […]

Continue reading

LATEST NEWS : U.S. Mint Sells More Silver Eagles In A Week Than Gold Eagles Over Past Three Years

The U.S. Mint just updated their Silver Eagle sales figures for May, and it was a whopper.  Since the beginning of last week, the U.S. Mint sold 1.939,500 million Silver Eagles.  This is a big number.  Total for the month of May is already at 3,262,000 oz. We can see that May, with more than […]

Continue reading

LATEST NEWS: Total Physical Silver Demand Achieves Record Level in 2013

 Total physical silver demand rose by 13 percent in 2013 to an all-time high, according to “World Silver Survey 2014″, released today by the Silver Institute. This was primarily driven by the 76 percent increase in retail investment in bars and coins coupled with a sturdy recovery in jewelry and silverware fabrication. On the supply […]

Continue reading

LATEST NEWS : The Beginning Of The End Of Precious Metals Manipulation: The London Silver Fix Is Officially Dead

Following a crackdown on precious metal manipulation by various European regulators (mostly Germany’s BaFin, recall “Precious Metals Manipulation Worse Than Libor Scandal, German Regulator Says [7]“), which led to the shocking outcome that Deutsche Bank would pull out of the London gold and silver fixing committees, the London Silver Market Fixing company ended up with a […]

Continue reading

LATEST NEWS : Gold's pent-up demand

Will he, won’t he? What will Putin do next?  Ukraine is the focus lately of gold traders and investors and so the gold price ebbs and flows as the tensions there become more or less comment-worthy. To a degree it’s understandable. Following the hurriedly-arranged ‘referendum’ whereby two Ukrainian regions say that they have gained a huge majority […]

Continue reading

LATEST NEWS : Who should GAO believe – Ted Butler or Bart Chilton?

In a recent column, silver analyst Theodore Butler presented information that leaves him somewhat optimistic that the Government Accountability Office (GAO) is looking into the possibility that the silver markets might be rigged or manipulated. In the column, Butler labels as “phony” a prior “investigation” conducted by The Commodity Futures Trading Commission (CFTC). According to Butler […]

Continue reading

LATEST NEWS : De-Dollarization: Russia Is On The Verge Of Dealing A Massive Blow To The Petrodollar

Is the petrodollar monopoly about to be shattered?  When U.S. politicians started slapping economic sanctions on Russia, they probably never even imagined that there might be serious consequences for the United States.  But now the Russian media is reporting that the Russian Ministry of Finance is getting ready to pull the trigger on a “de-dollarization” […]

Continue reading