Tom Cloud provides an update on the Chinese SDR and gold announcement. He discusses several reasons why the Chinese have not made a public how much gold they hold in their official reserves. This is the first currency added to the IMF – International Monetary Fund SDR (Special Drawing Rights)…
U.S. Mint Silver Eagle sales surged in the first half of October due to increased turmoil in the political system and economic markets. Silver Eagle sales were strong in the first five months of the year, but weakened in the summer due to several factors. One factor was the fall-off…
The king of base metals is in big trouble as indicators point to a breakdown of the global copper industry. This goes well beyond the typical “slowdown” or “downturn” in the copper market. Instead, we are going to witness what I refer to as “Copper Industry Carnage.” While some readers…
The news that flows from the Mainstream media continues to delude Americans from understanding the reality and disaster that is heading our way. A perfect example of this took place last week when a small oil company announced a new huge oil discovery in Alaska. The headlines stated that Caelus…
Investors need to realize the precious metals paper price smash this week is meaningless when we consider the underlying fundamentals of the U.S. and Global Financial System continue to disintegrate. Financial Industry expert, Vic Patane and I discussed why the current precious metals selloff is a nothing more than a…
The days of military secret weapon boondoggles are coming to an end… so enjoy them while you can. The heyday of the big budget military boondoggles took place mostly during the 1950-1980’s. This was due to the cheap and high EROI – Energy Returned On Investment of oil during that…