LATEST NEWS : Gold Wagers Gain as China Rate Reduction Stems Rout

Hedge funds added bullish gold wagers at the fastest pace since June as central bank action from China to Japan and Europehelped stem the rout in prices. The net-long position in New York futures and options expanded 56 percent, U.S. government data show. Short holdings fell to a two-month low and long wagers climbed for […]

Continue reading

LATEST NEWS: Unusual gold moves in Asian hours puzzle jittery traders

Some of the biggest price moves in gold since late October have, unusually, occurred in Asian hours and traders more accustomed to following the lead of their Western counterparts suspect a big increase in algorithmic trading may be to blame. continue reading at in.reuters.com

Continue reading

LATEST NEWS : Are the Precious Metals shorts at their come to Jesus moment?

The US dollar is still under the support of the London traders with the current value set at 87.82,  up 10.9 points after their attempt to push it above 88.00 again.   Treasuries are elevated as well making up for the losses from yesterday as we see the central planners once again attempting to tell the […]

Continue reading

LATEST NEWS: 21 Facts That Prove That Dependence On The Government Is Out Of Control In America

If you could stay home and watch television, play video games and hang out with your friends all day at government expense, would you do it?  Of course most Americans that collect money from the government each month are not abusing the system.  Many truly are incapable of taking care of themselves, and others are […]

Continue reading

LATEST NEWS: Germany Doesn't Seem To Care That Europe Is On The Brink Of A Continent-Wide Recession

Bundesbank boss Jens Weidmann, the man most closely associated with Germany’s opposition to easier monetary policy, is slamming the brakes on expectations that the European Central Bank will finally go for quantitative easing (QE). continue reading at businessinsider.com

Continue reading

LATEST NEWS : Nuclear War: Russia Shocks US With Tactical Weapons, Pentagon Retaliates

Russia is in possession of strategic nuclear weapons far more advance than the United States, and it will continue to lead the game with its new generation of missiles, according to a comprehensive report from the Russian political newspaper, PRAVDA. Indeed, if World War 3 erupts, Russian Vladimir Putin will win hands down, the report […]

Continue reading

LATEST NEWS:Time to Hide Under the Covers

The USA may not be as all-powerful as its tells its people or our politicians believe. For all the spying going on against American citizens to hunt them down for taxes intercepting all cell phone calls, the USA is vulnerable on many fronts. The Chinese have been able tocompromise the US defense systems. continue reading […]

Continue reading

LATEST NEWS : Ukraine and Russia take center stage as leaders gather for G20

A showdown between Western leaders and Russian President Vladimir Putin is likely at the G20 summit in Australia starting on Saturday, following fresh reports of Russian troops pouring into eastern Ukraine. Ukraine has accused Russia of sending soldiers and weapons to help separatist rebels in eastern Ukraine launch a new offensive in a conflict that […]

Continue reading

LATEST NEWS: Putin Is the Biggest Gold Bug

Switzerland is preparing to hold a referendum on whether to keep 20 percent of its international reserves in gold. Meanwhile, Russia, which would never ask its citizens to weigh in on such matters, is increasing its gold holdings. It accounted for 59 percent of net gold purchases by central banks in the third quarter of 2014, […]

Continue reading

LATEST NEWS : UPDATE 2-Swiss regulator flags attempt to manipulate bullion benchmarks

Switzerland’s financial watchdog said on Wednesday it had found a “clear attempt” to manipulateprecious metals price benchmarks during a cross-market investigation into trading at UBS bank. The FINMA regulator revealed its findings just days after the precious metals industry decided to automate the setting of reference prices for gold, ending the twice-daily “fix” by a […]

Continue reading