(by Charles Savoie) “ANY ATTEMPT TO WRITE UP THE PRICE OF GOLD WOULD ASSUREDLY BE MATCHED, WITHIN HOURS, BY COMPARABLE AND OFFSETTING ACTION.” —Robert V. Roosa, Pilgrims Society, in “Monetary Reform for the World Economy” (1965). Roosa was with the New York Federal Reserve Bank, 1946-1960 when he moved to…
As we continue to witness orchestrated take-downs in the paper price of silver, the real market rigging is taking place in another industry. After the price of silver fell 5% in a twenty-four hour period of time, precious metals investors are once again concerned about the future outlook of the…
Place your bets wisely because 2014 may turn out to be quite the pivotal year for the markets. As the MSM and Wall Street continue to push the hype regarding the Great U.S. Shale Energy Boom, serious cracks are beginning to appear in the natural gas market. The forecast by…
In a surprising change from its inventory build over the past few months, JP Morgan had the largest one-day withdrawal of gold ever. JP Morgan had 321,500 (exactly 10 metric tons) withdrawn from its Eligible category today. In just one day, JP Morgan lost 22% over its total gold stocks…
Citizens of the U.S. and the world are heading into a future that few have prepared for. It will also turn out to be much worse than most realize as it will be unlike anything we have witnessed in the past. Part of the reason we are in such a…
As the U.S. economic and financial system continue down the road of self-destruction, there is an increasing amount of evidence that suggests the day of reckoning is fast approaching One such indicator is the amount of U.S. gold export scrap. At one point in time, the United States was exporting…