In a surprising update, there were two large gold withdrawals from the Comex on Friday. Not only were these large withdrawals, they came from Brinks and Scotia Mocatta’s Registered inventories. Even though the Comex holds a total of 7.7 million ounces of gold, only 10% of this amount is stored…
According to the financial media, the global economy is supposedly rolling over causing a glut of inventories producing a deflation in the prices of many commodities. If this is the case… someone should tell that to King of base metals… Copper. Something doesn’t seem to be making sense in the…
(By The Daily Coin) We cover three crucial topics–the economics of the new marijuana laws, the Shanghai Cooperation Organization and we wrap up with Fukushima. Fukushima is a global problem that is getting zero coverage. There is so little information being transferred about this ongoing nightmare that it is appalling….
(By The Daily Coin) We begin the conversation discussing the latest global ponzi scheme coming out of South Africa, the Rand Gold Bond. According to Eric Dubin this is similar to the GLD or SLV ponzi schemes but the target market are people on a fixed income with a promise…
Crime Boss: Wall Street Has No Ethics. The Colombo crime family’s former boss – Michael Franzese – says even he doesn’t trust Wall Street. Franzese – played by Joseph Bono in the 1990 Martin Scorsese movie “GoodFellas” – spent 10 years in prison after he was convicted on federal racketeering…
(by Charles Savoie) Just to make reference to this alleged “new” silver fix, and how bogus it is, I offer this brief report. It appears that HSBC, Scotia Mocatta, and Mitsui & Company are the London based ringleaders of the “new” silver fix, along with Thomson Reuters, corresponding to their…