The United States government is to rigorously enforce a ban on gold sales to Iran from July 1. They are planning to block sales of gold to Iranians in order to undermine the Iranian currency, the rial, and to step up pressure on Tehran over its nuclear program.
Athens' strikers burnt a giant picture of Angela Merkel dressed as Hitler. Students in Washington threw bags of urine at each other. But in the Eccles Building? "Fiscal policy is restraining economic growth," said the Federal Reserve.
For a long time governments have been redistributing peoples’ income and wealth in the name of fairness. They provide for the unemployed, the sick, and the elderly. The state provides. You can depend on the state. The result is nearly everyone in all advanced countries now depend on the state.
Natural resource investors have experienced a tough year. All the more reason to start returning broker phone calls according to David Galland, speaking on the Friday eve of the airing of a webinar he is moderating.
In his new book, David Stockman, former Republican U.S. Congressman and a founding partner of Heartland Industrial Partners, levies blame for the dire straits of the global financial system on central bankers, economists and politicians of both parties.
Peter Krauth, resource specialist for Money Map Press, considers the precious metals space an overarching requirement for investors. He sees value in every sector, although he admits it takes a contrarian mindset to see the opportunities.
Value seeking investors are increasingly returning to the precious metals market. Furthermore, many of them will undoubtedly gravitate toward using the more conveniently traded alternatives to self-storing the metals.
The view of the silver market from ten thousand feet away shows what is really going on behind the scenes. The manipulation of the market by deep pocket bullion banks with a hugely concentrated combined naked short position has become increasingly evident.
We all know that sentiment on gold is quite bearish. Rather than post numerous charts that you’ve likely already seen, I want to note some of the recent statistics. By recent, I refer to the past two weeks.