Today one of the wealthiest, street-smart professionals in the markets, who is also business partners with billionaire Eric Sprott, warned King World News that the Greek crisis will unleash chaos in world markets. He also spoke about what is happening in the gold market.
It used to be said that one could judge someone by the company they kept. The problem for those moderately or opportunistically attracted to silver a look around most of the information sources for the metal will find the airwaves jammed with a flock of tin-foil hatted enthusiasts that are obsessed that the Powers That Be are manipulating down its price to get back at them. This is enough to put anyone serious off any metal. Between the gold bugs and the tin-foil hatters, the two metals that should be explicable in the most simple of monetary or store-of-value terms,
Without a question the best exchange during today's historic Mario Draghi presser, during which the ECB unveiled its own QE, was between SkyNews journalist Ed Conway who first asked Draghi which is more important, the Flow or the Stock - a key argument we had with the Fed when
Submitted by Charles Hugh Smith from Of Two Minds
Who Benefits When Bubbles Burst?
Blowing speculative bubbles cannot possibly lead to organic growth because speculative bubbles fatally undermine the real economy.
An astute reader recently posed an insightful question: we all know who benefits from asset bubbles in stocks, bonds and real estate--owners of assets, banks, the government (all those luscious capital gains and rising property taxes), pension funds, brokers and so on.
(Washington, D.C. – January 15, 2015) – The continuing appeal of silver for investors led to record sales of U.S. American Eagle Silver Bullion coins last year, topping the previous milestone established just the previous year.
First Majestic Silver Corp. ("First Majestic" or the "Company") is pleased to announce the Company's fourth quarter and full year 2014 production results, as well as guidance for 2015.
If the oil sector unraveled, as it is doing now, what would happen to gold and silver prices? David Morgan of Silver-Investor.com thinks, “Gold, I am pretty sure, would maintain right where it’s at, and that would be the worst case scenario, or it would go up and go up rapidly. Gold and silver may go down temporarily like we saw in 2008,
Precious metals bulls called a gold and silver price bottom throughout recent years of price declines. Will they be correct this time around?
At the recent Mines & Money conference and exhibition In London there was a perhaps surprisingly upbeat feel given the poor performance of metals prices over the preceding two to three years.
While this optimistic mood seemed to apply to precious and base metals producers alike, as is the norm nowadays it was the gold companies which were looking for the biggest upside.
Today King World News spoke with the man who former President Ronald Reagan called upon to help save the United States when the U.S. was in the midst of the 1980 panic. Dr. Paul Craig Roberts gives a portion of his fascinating predictions for 2015 below and also issued the ominous warning that the West could collapse at any time.
Silver is holding above the downtrend line but only just. We now expect silver to fall to around $12.00/oz in the near future.