Jordan Roy-Byrne CMT, MFTA

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Bespoke: US Gov Spent $1.90 for Every $1 in Income

Don’t we all wish we live like that? Folks, it is simple why Gold and Silver are rising. It is because of sovereign debt default concerns. How can the US and the UK finance growing these record budget gaps when spending is increasing and tax receipts are stagnant? And as we mentioned in previous posts, … Continue reading

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James Grant: Requiem for the Dollar

In this long essay from The Wall Street Journal, James Grant of Grant’s Interest Rate Observer remarks that the Federal Reserve “isn’t overtly manipulating” the gold market. His implication is that the Fed might be manipulating the gold market covertly. Maybe this is a small step in the right direction by someone who surely is erudite enough to know better already.

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David Morgan on Gold (Video)

David Morgan is one of the world’s foremost silver experts, if not the top expert. In this video he provides his short-term analysis on Gold.

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BCA Research on the US$

BCA: The US$ is not dead, just smells funny. Expect the trade weighted greenback to fall to fresh lows.

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Reuters: Barrick Closes Hedge Book Early

From the Reuters piece: “As of today, we are a fully unhedged gold producer,” Barrick Chief Executive Aaron Regent said at an investment conference in New York. The elimination of hedges comes earlier than the company had planned. Barrick said in September that it would get rid of all its hedges within 12 months, but … Continue reading

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More Evidence Gold is Being Hoarded

Futures exchanges like the Comex are giving buyers and contract holders paper and not metal. The full story is here.

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