The Golden Truth

The G7, inexplicably, announced that member finance ministers would convene for a conference call this afternoon.  No other details emerged, but this seemed a bit unusual on the heels of the most recent G20 meeting a couple weeks ago.  The Wall Street Journal reports that:  “News of the conference call comes amid speculation that Spain … Continue reading

The truth is incontrovertible: malice may attack it, ignorance may deride it, but in the end, there it is.   Winston S. Churchill Retail sales plunged 1.2% for the month of May, which came as a complete surprise to the herd of cattle on Wall Street’s cattle ranch, which was looking for more gains. We also … Continue reading

Trader Dan Norcini has outstanding commentary on the gold/silver markets (and other commodities), which can be found at http://www.jsmineset.com/ One aspect he monitors is the weekly Commitment of Traders report. Over the past few weeks he has uncovered a potentially extraordinary development which could support a very big move higher in the price of gold. In … Continue reading

As he watches the price of gold march inexorably toward $2,000 (and beyond), and keeps an eye on developments in the Western world, S&A Resource Report Editor Matt Badiali tells Gold Report readers in this exclusive interview that it’s time to make space in the safe for gold. That’s gold to hold, preferably to pass on to one’s heirs, but if need be to pay for one’s meat and potatoes. As for investments in these troubled times, he’s hot about investors adding shares of the booming senior gold mining stocks to their portfolios because “we’re going to see them really soar.”….

Just in: Bloomberg posted an article that reports Central Banks expanded their gold holdings the most since 1964:  LINK Wonder what that means?  The world was on a fractional gold standard per Bretton Woods back then… Russia’s insatiable appetite for gold accumulation continues in April: (Chart courtesy of Richard Nachbar, http://www.coinexpert.com/ – click to enlarge) On … Continue reading

In case readers missed this, Sunday’s New York Post – the only major newspaper to report this, despite ALL major media outlets having been made aware of this – reported a wide-ranging investigation into JP Morgan’s silver market corruption.  The Antitrust Divsion of the Justice Dept is looking into criminal behavior and the CFTC is … Continue reading

UBS comments on the very heavy demand from European investors for physical bars and coins (from JB’s dialy gold market commentary, which can be read every evening at http://www.lemetropolecafe.com/: “…our Zurich and Geneva sales desk experienced exceptionally strong demand for small bars and coins. All size bars up to 1kg are wanted by retail investors. … Continue reading

Below is an email that went out from a Canadian bullion dealer: “Sold almost a half tonne of silver on Friday. Bought 3,000 maple leafs in two orders over the last couple of days to replenish shop inventory…I am doing my best to add to my personal holdings but so much is coming in I … Continue reading

This quarter to the tune of $10.6 billion: WASHINGTON/NEW YORK, May 5 (Reuters) – Freddie Mac (FRE.N), the second-largest provider of U.S. residential mortgage funds, on Wednesday asked for an additional $10.6 billion in federal aid after it lost $8 billion in the first quarter…LINK. “No problem,” reflects Whirlybird Ben Bernanke and Tiny Brain Tim … Continue reading

“May 3 (Bloomberg) — Construction spending in the U.S. unexpectedly increased in March, propelled by gains in state and local government projects.” Here’s the story link: Debt Makes You Free? Rather than help States and Municipalities balance their spending budgets and reduce their outstanding debt, the Federal Govt gave local contruction spending a boost in … Continue reading