It's amazing to think that we're merely two weeks away from the one-year anniversary of the M2 bankruptcy, after a year of [mostly losing] the battle for my life, fortune and sacred honor. But today, what remains of our team is back doing what we do best - creating value and profit by pushing forward decentralized commodity monetary systems. Towards the end of 2013, I decided that I'd be more effective a continent or so away from the drama. I needed some time to clear my head, take a step back, … [Read more...] about The end of the American Open Currency Standard?
Stocks dropped sharply last week, with the Dow falling some 200 points, after the Federal Reserve released the minutes of its January Open Market Committee meeting. Although the minutes reaffirmed the Fed’s easy-money policy, they also showed that some members of the Committee had voiced concerns. The dissenters cautioned that quantitative easing, the current program of massive bond buying, could not be continued indefinitely without serious risks. Loading the Fed up with bonds creates the … [Read more...] about What Happens When the Fed Really Does Run Out of Ammunition?
The precious-metals markets were bolstered on Monday by the first of several critical economic developments taking place this week in the U.S. and abroad. The early-week rise has been largely attributed to early indications from Italy suggesting that the electorate is leaning toward the candidate not likely to support the continued discipline of austerity. This has the potential to reawaken the European debt crisis, and that means the safety of silver and gold upticked significantly. Where all … [Read more...] about Will Silver Surge on Sequestration?
Oil and metals prices retreated this week on worries about the global economy owing to signs that the US could end its cash stimulus program and amid a worsening outlook for the eurozone, analysts said. OIL: Prices fell on worries of an end to the US stimulus program amid global economic strains and week demand for oil in top consumer nation the US, traders said. Oil contracts had tumbled more than US$2 on Thursday as traders absorbed poor US jobs data, signs of weaker-than-expected US crude … [Read more...] about Oil and metal prices fall on signs the US may end stimulus
Gold prices ended at a seven-month low, resuming their downward march, as some investors opted to leave the market amid dissatisfaction with the yellow metal's performance. Gold for February delivery, the front-month contract, fell $5.80, or 0.4%, to $1,572.40 a troy ounce on the Comex division of the New York Mercantile Exchange, the lowest settlement price since July 18. The precious metal is down 6.1% this year. Gold slid 2.3% this past week and is down 12% from its 52-week high of … [Read more...] about Gold Falls 2.3% in Week to Seven-Month Low
After a nearly 9% dive in silver prices this month, investors should be able to breathe a sigh of relief as growth in industrial and investment demand gains pace, and calls of “oversold” conditions and “bargain” prices for the precious metal intensify. “Silver is grossly oversold at current levels, more so than any time in the past five years,” said James Carrillo, senior portfolio adviser for precious-metals investment firm Swiss America Trading Corp. Silver futures prices SIH3 -0.28% have … [Read more...] about For silver, being cheap is a good thing