Zero Hedge

US Mint Reports Soaring November Month-To-Date Silver Coin Sales Surpass 2010 High Following Massive Rush Into Precious Metal

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Is Max Keiser’s attempt to put JP Morgan out of business working following the mother of all silver physical squeezes? The price of silver has been stable in the past few days, but if the US official precious metal seller is to be trusted, this will not last long. According to the US Mint, sales … Continue reading “US Mint Reports Soaring November Month-To-Date Silver Coin Sales Surpass 2010 High Following Massive Rush Into Precious Metal”

Gold Spikes As World Gold Council Says Gold Demand Surges 36% In Q2, Sees Ongoing Demand Out Of China And Europe

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Rumors of Gold’s imminent death in a liquidation-driven collapse continue to be greatly exaggerated, and in fact the shiny metal continues to perform inversely to stocks, which take on ever more water, and is a confirmation that the market expects continued dollar destruction courtesy of the Marriner Eccles residents. And courtesy of the World Gold … Continue reading “Gold Spikes As World Gold Council Says Gold Demand Surges 36% In Q2, Sees Ongoing Demand Out Of China And Europe”

St Louis Fed Explains Why The Fed Has Cornered Itself Between Deflation And (Hyper) Inflation

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In its September Monetary Trends letter titled “The Monetary Base and Bank Lending: You Can Lead a Horse to Water…” the St Louis Fed analyzes the phenomenon that has all monetarists up in arms, namely the surge in the monetary base and the very muted increase (and outright alleged drop in the case of the … Continue reading “St Louis Fed Explains Why The Fed Has Cornered Itself Between Deflation And (Hyper) Inflation”

Zero Hedge: Dave Rosenberg’s Thoughts on End of Bond Bull

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Source: http://www.zerohedge.com/article/david-rosenberg-what-happens-when-glorious-30-year-great-bull-market-bonds-comes-end Let me start out by saying that I do not believe that bonds are any “better” an investment than stocks, at least in principle. They both have their advantages. For bonds, the advantages are that they provide an income stream – the principal and the interest payments are guaranteed in the case of … Continue reading “Zero Hedge: Dave Rosenberg’s Thoughts on End of Bond Bull”

ECB Announces It Bought Just €302 Million In Sovereign Debt Last Week

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With total cumulative purchases at just over €60 billion since the beginning of its sovereign debt monetization program in May, the ECB purchased just €302 million in (Greek 6 Month) debt last week. As always, tomorrow will see the pyramid scheme of taking the purchases and reliquifying the market in yet another weekly term deposit … Continue reading “ECB Announces It Bought Just €302 Million In Sovereign Debt Last Week”

Hinde Capital’s Ben Davies On The Gold Market

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Zero Hedge recently posted several insightful pieces from Hinde Capital, among which the fund’s presentation on the ECB’s role as the European Commission’s whore, and more recently, its presentation on Gold as the “currency of first resort” (recreated below). Last week, fund manager Ben Davies, who previously ran trading for RBS Greenwich Capital in London … Continue reading “Hinde Capital’s Ben Davies On The Gold Market”

Is Gold a Crowded Trade?

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It’s true that GLD’s (NYSE: GLD) assets just passed the $50 billion mark, and that it’s the second largest U.S. ETF. Yes, mints had difficulty filling orders when the Greek crisis broke. And yes, the gold price is up nine years in a row…..

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