Don't fall for propaganda from the Federal Reserve about tapering quantitative easing, says ShadowStats editor John Williams. His corrected economic indicators show the U.S. is nowhere near a recovery and the Fed will have to increase bond buying to prop up banks and push off inevitable dollar debasement.
Since the Dow hit its March 2009 low, many sage market players followed the stimulative monetary and fiscal policies, ignored the noise of pundits predicting doom and gloom, and invested heavily in equities. Only in retrospect can their bold calls be recognized as wise.
The Shwedagon Pagoda is believed to be the world’s oldest pagoda and the holiest Buddhist shrine in Myanmar. Coated with gold and decorated with more than 4,500 diamonds, the temple is believed to be 2,500 years old, but has been rebuilt many times due to earthquakes.
Spot metals prices extended their losses as the markets opened for the final session of this week in New York this morning. This week will mark the second one in a row of value declines in gold and silver as market participants continue to show doubts.
After three decades of tremendous expansion, the new generation of Chinese leaders will have to carefully maneuver the country into the next decade, towing the line between maintaining stability and continuing the political and economic reform.
Parallels between graphite and lithium are superficial, insists the analyst with Industrial Minerals. Graphite, unlike lithium, supplies layers of demand, with reliable end-users in the steel industry. Meanwhile, China is making way for market entrants.
If Republicans win Election 2012 and their commission does indeed study a return to the gold standard, that's as far as the talk will go. The findings will likely resemble those by the Reagan Gold Commission in 1982.
While the world wades in the shallow end of the pool waiting for the economy to warm up, Asia has taken a deep dive into the energy space as they’ve recently announced acquisitions of Canadian resources companies.