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Ronnie returns to Metals & Markets this week to discuss gold, the dollar, the Fed's monetary u-turn, and a whole lot more...
After years of reporting no change in gold holdings, China has announced an increase in gold reserves for the third straight month...
The US 10-year yield edged up to 2.628%, while the DX ticked up to 97.38. Gold held up well, and was $1,300 bid at 4PM with a gain of $14.
Monthly statements of account published by the Bank for International Settlements indicate that the bank is still actively trading gold swaps...
Fed Balance Sheet Still 3x Its Normal vs.-GDP Size; Fed Weighs Halting "Normalization"Mar 8, 2019 - 10:55:34 PST
"Today’s assets amount to 19.4% of GDP. In the years before QE started, the balance sheet ran around 6% of GDP."
Mar 8, 2019 - 10:35:00 PST
"Bijan Sartipi retired with much more than a goodbye party: He was paid $405,000 for time off he never used — one of more than 450 state workers who took home six-figure checks when they left their jobs last year. And Sartipi didn’t top the list."
Mar 8, 2019 - 10:19:12 PST
Jim Rickards and Trey Reik have differing opinions about whether we have seen the conclusion of Fed tightening this cycle, or if this pause is just that, an extended beat before rate raises continue.
Mar 8, 2019 - 10:15:14 PST
"The megamerger mania now underway for Newmont Mining Corp., Barrick Gold Corp. and Goldcorp Inc. could force mid-tier companies to team up in order to successfully compete."
Mar 8, 2019 - 07:31:11 PST
"The end of the government’s fiscal year usually brings an orgy of spending as agencies look at their budgets, see extra cash lying around, and figure they’d better use it all up or risk it getting cut in the future."
"Lawmakers move to maintain access to marketplace for lower-income consumers; Amazon and other businesses express concern about limits on innovation."
Gold & Silver SPIKE On Report Only 20,000 Jobs Were Created In February - Trump Says "Things are looking good!"March 8, 2019
There's really nothing good about the report. That is, nothing good to anybody who still thinks he or she's a middle-class American and trying to survive...
Usually, the government tries to stop scams. Unless, of course, the government is part of the scam.No, I'm not talking about the Federal Reserve. I'm actually talking about a Liberian gold scam that US law enforcement uncovered last fall. As it turns out, Liberian government officials facilitated a key part of the scammer's scheme.
Not Smart Enough to Know They're Not Smart Enough: ShiffGold Friday Gold Wrap 03.08.19March 8, 2019
Central bankers and politicians think they can run the economy.They can't.In this episode of the Friday Gold Wrap, host Mike Maharrey digs into some fundamental economic theories that explain why these central planners will always fail, no matter how noble their intentions.
The Fed, so Certain About QT Just Months Ago, Suffering From Bank-Wide AmnesiaMar 8, 2019 - 06:12:24 PST
"You say I said what now?" The Fed, exposed as the stock-market-bubble Sustainer in Chief it is, now expects us to completely ignore everything it said, all last year, prior to the stock market swoon in December 2018.
Mar 8, 2019 - 06:08:15 PST
"Much of Venezuela plunged into darkness Thursday evening, amid what appeared to be one of the biggest blackouts yet in a country where power failures have become common."
Der FrankenBanken? Ugly Ducklings Deutsche and Commerzbank Intensify Merger TalksMar 8, 2019 - 05:59:55 PST
The two struggling German banks seem fatally fated for a forced bolting-together in a "What do we have to lose by trying this?" government-urged merger.
Mar 8, 2019 - 05:48:12 PST
"Warren Buffett recently said wrote, 'Prices are sky-high for businesses possessing decent long-term prospects.' And I wouldn’t be surprised if he was looking at the whole of Corporate America when he wrote it."
"In President Mario Draghi’s Thursday press conference, he basically admitted that policy makers are unable to reverse the rapid weakening in the global economy."
♫ Even if You Can't Make It There, They'll Tax You...Anywhere! New York, New York ♫Mar 8, 2019 - 05:27:55 PST
"New York has taken a page right out of the Vancouver playbook and is now considering a tax on wealthy non-residents who own luxury city apartments."
Mar 8, 2019 - 05:18:45 PST
"Now it's worse than the U.K. I mean, who would've imagined that in 1964. We have one of the most unequal countries in the developed world."