In here is the long-term view for gold using the database back to 1264. The prospects for gold bottoming in 2013 are not dead yet. There was a chance for a low in January 2013 but that was broken.  What appears to be shaping up is an extension in the overall market. The $4000-$5200 target […]

Thank you for all the fan mail on the Dow to offset the hate mail on the metals. The objective is to expose the real world we live in and how domestic policy objectives are really held hostage to international capital flows. We are really trying hard to get everything up and running ASAP. Many […]

I retired from the gold business because I was one of the biggest market makers – one of the top 3 for the 1980 event. The IRS walked in and said that their interpretation was that I was a bank and had to report every person who bought or sold $10,000 or more and that […]

The Dow keeps pressing higher as the talking heads keep questioning why. Gold presses lower and Gold is below the 1400 level. A closing below 1402.50 on June today for gold will keep it vulnerable to the downside. If we get to retest the 1321 area, that will be extremely bearish and warn that new […]

Understanding that there is no grand conspiracy to systemically suppress gold is actually vital as is to understand the true nature of money. If you do not grasp these points, you cannot move forward. Sun Tzu and his Art of War applies to all confrontations. “If you know the enemy and know yourself, you need […]

With the dramatic increase in the money supply as illustrated here with the St. Louis Fed Chart, 99% of the people are simply baffled saying – It’s got to be inflationary! But this is like the old TV commercials when Burger King used the little old lady who would look at a competitor’s burger and […]

We are in one of the most complex conundrums in financial history. On the one hand we have vast amounts of cash that creates tremendous liquidity with interest rates at virtually zero, G7 finance ministers at least alarmed about the high level of liquidity yet it is becoming obvious even to them that monetary policy can not […]

The Republican staff are all meeting in Virginia right now. The 800 pound gorilla is the upcoming debt ceiling vote. Of course, they are explaining that there can be no confrontation over this. So they are trying to convince everyone to vote for it and what is your problem. Effectively, the staffers are the real […]

A Reader in California writes: This today from our local Orange County Register under the Op Ed section:  “Taxing What Obamacare Makes Inevitable”  by Troy Senik.  California businesses would be penalized for cutting worker hours to dodge insurance mandate.   Democratic Assemblyman Jimmy Gomez of Los Angeles has proposed legislation–which has passed both the Assembly Rules […]

QUESTION: In your most recent post you mention dollar demand off setting Fed Printing. But fairly often we hear about new international trade agreements that have excluded the dollar. How does this figure into the equation of dollar demand? ANSWER: Trade agreements are actually irrelevant. That is separate and distinct from reserves and the huge amount of dollar […]