The Golden Truth

Everyone knows the concept behind a “fractional” banking system, right? You have $1 in deposits and you lend out $10. The Romans invented the concept and it is widely understood to have been one of the ingredients that led to Rome’s demise. As per the electrifying CFTC hearings on March 26, and a fact that … Continue reading

I’m not sure you want to short this chart.  But it sure explains the motive behind the massive long position in the euro taken by the “commercials” aka Big Banks: (click on char to enlarge) A big rally in the euro should translate into a big move higher in gold [ad#TDG 500×100]

The U.S. dollar appears to be breaking down now. The chart has a very bearish set-up formation and the Big Banks have a big short position in the dollar and a…..

I have been telling Bill Murphy, Chairman of GATA, repeatedly that his email bombshell at the CFTC silver market hearings two weeks ago ripped the tightly sealed lid off of Pandora’s Box with regard to the extreme fraud and manipulation in the gold and silver markets. Although the whole episode, and the implications of what was … Continue reading

As has been reflected by gold’s ascent against the dollar, and recently even on days when the dollar is moving higher, it has been reported from sources all over the globe that money is aggessively flowing into physical gold, with many investors demanding delivery of the metal. Here is commentary on the subject from Standard … Continue reading