80% of the Gold the World Owns Doesn’t Exist

Chris Powell, Secretary and Treasurer of the Gold Anti-Trust Action Committee told Bernie Lo on CNBC Asia overnight that central banks are continuing to manipulate the gold market as they are interested in supporting government bonds and the dollar and keeping...

Gold Becomes a Tier 1 Asset Class for Banks

Despite what the Main Stream Media (MSM) or “Financial Pundits” tell you, the gold bull market is far from over.  In fact, it is just starting, in our opinion. While the misdirected financial world tell you that gold is in a bubble and it has burst, the central...

Gold Moves Higher, Seen as Safe-Haven Play

Gold prices were higher Monday as gold offered a haven for investors amid sluggish U.S. economic indicators. “I wouldn’t be surprised if we see a little bit of short-covering today, if we don’t get the extension downward a lot of it is looking at...

Major Banks Downgraded By Moody’s

Some of the world’s biggest banks were downgraded Thursday by rating agency Moody’s, which cited concerns about the stability of the global financial system. Moody’s cut the ratings of 15 financial institutions after U.S. markets closed Thursday,...

SocGen: If Fed Issues More QE, Gold May Surge to $8,500

If the Fed does decide to follow through with proposed measures that would initiate a third round of quantitative easing, investors will need a hedge. Per usual, the hedge of choice will be the precious yellow metal. The Societe Generale Group issued a research note...

Fed takes path of least resistance with new stimulus plan

Rather than doing nothing, the Federal Reserve decided Wednesday to do as little as it possibly could. The Fed’s decision to extend its “Operation Twist” economic stimulus program represents the path of least resistance for a central bank contemplating a raft of...