One way a mining company can remain profitable while dealing with much lower gold prices is by “High Grading.” However, this does not seem to be taking place as the top 5 gold producers average yield continued to decline in the first half of 2013 as gold prices fell to…
By Charles Savoie: New $100 bills are coming in early October 2013! Even though these can be created to infinity and cost little effort and resources to produce, we are demanded by authorities to accept these as worth several times more than an ounce of geologically depleted, essential silver! But…
The global financial system is floating on a sea of worthless paper assets. Unfortunately, the majority of people still haven’t figured out that the end of this fiat monetary system is close at hand. While the Fed’s QE machine continues to pump out $Billions of Dollars of worthless currency, the…
It looks like the stagnate two month bottom in the Comex Gold inventories is now over as a huge withdrawal from HSBC has taken the total warehouse stocks to a new low not seen since 2006. As you can see from the table, 173,358 oz of gold were withdrawn from…
No longer do you have to get tickets to attend the Ringling Brothers and Barnum & Bailey Show, while the real Circus, the Great Banker Taper Spectacle is in town. Today, the “Greatest Show On Earth” does not include a dozen elephants performing amazing stunts, but rather a group of…
After watching the schizophrenic market reaction to St. Louis Fed Bullard’s remarks, I am amazed that the world doesn’t think we have gone completely insane. I don’t know how long this sort of Fed induced lunacy can continue, but real signs are pointing to an economy that is still stagnating…