Gold

Azerbaijani Troops Enter Largest Armenian Gold Mine

Submitted by SouthFront.org, This week, the Armenian leadership has reached an unprecedented height in its state management achievements. Prime Minsiter Nikol Pashinayan and his government did not stop at the successful campaign to undermine the Armenian regional position and the loss in the Second Nagorno-Karabakh War. Now, they are losing their largest gold mine, which…

Inequality And The Gold Standard

Authored by David Howden via The Mises Institute, [First published by Mises Canada, December 2013.] Imagine that you earn $40,000 a year and your boss doubles you at $80,000 a year. Business was good to you both in 2013, and you received a 25% raise for your efforts. Not bad, and your boss gets to…

A Key Time For Gold

Authored by Sven Henrich via NorthmanTrader.com, I wanted to offer some thoughts on Gold on this Thanksgiving weekend as Gold has reached a key price pivot and has seen sizable selling in recent weeks as the rest of the market continues to melt into the stratosphere and speculative bubbles are spreading across asset classes. So…

Stocks Give Thanks For Fed Liquidity As Dollar, Gold, & Bitcoin Dumped

Greed, Greed-er, and Greed-est… Source: CNN This level of extreme greed didn’t end well last time. Interestingly, as the week progressed, Nasdaq caught up with Small Caps early-week outperformance, stalling the ‘rotation’ trend. The Dow was the week’s laggard but still managed solid gains… As a reminder, the recent vaccine headlines have put global and…

Zimbabwe Loses $1.5 Billion Annually To Gold Smuggling

A report published Tuesday by the International Crisis Group calculates that cash-strapped Zimbabwe is losing at least $1.5 billion a year through the smuggling of gold, mainly to traders in Dubai. The figure is higher than the government’s own estimates of $1.2 billion a year lost through the illicit gold trade, according to Bloomberg. “Estimates…

Dow, S&P, & Bitcoin Soar To Record Close As Dollar & Gold Sink

Consumer Confidence tumbled… Source: Bloomberg …COVID cases are soaring, lockdowns are crushing small businesses, and ‘hope’ is fading fast… Source: Bloomberg …so Buy The F**king Record Highs in stocks and dump the dollar, bonds, and gold (because who needs ‘protection’ when there is Yellen, vaccines, and stimulus-y hopes). As we noted earlier, The Dow topped…

Gold Tumbles Below $1800, Tests Critical Technical Support

As Crypto soars, non-digital-gold is plunging, with futures breaking below $1800 for the first time since July. Since the election and vaccine news, gold futures have crashed from $1960 to $1798… The big question is, will gold find support at its 200DMA, or is this a systemic breakdown that ignores the future deficit-spending collapse of…

Gold: Testing Patience But Toeing The Line (For Now)

Authored by Bryce Coward via Knowledge Leaders Capital blog, Since early August the “barbarous relic” has corrected some 9% while many other assets have ascended to all-time highs. This has no doubt caused a bit of consternation for holders of gold who have been using the metal not as a hedge, but as a capital…

Record Inflows To Bitcoin; Record Outflows From Gold

On Wednesday, when looking at the growing decoupling between gold which has traded flat since August, and bitcoin which is about to take out its all time highs around $20,000… … we pointed out an observation from Deutsche which said that gold was up both during periods when deflation was the dominant concern… … and…

The Monetary Logic For Gold And Silver

Authored by Alasdair Macleod via GoldMoney.com, A considered reflection of current events leads to only one conclusion, and that is accelerating inflation of the dollar’s money supply is firmly on the path to destroying the dollar’s purchasing power – completely. This article looks at the theoretical and empirical evidence from previous fiat money collapses in…

Despite Tech Tumble; Stocks, Bonds, Gold, & The Dollar Rally On Election Eve

As Asia closed and Europe opened, US equity futures were panic bid up 400-plus Dow points overnight, clung to gains into the US cash open when Nasdaq was dumped and Small Caps pumped along with The Dow. Last minute buying panics ramped Nasdaq barely into the green… Weakness in Nasdaq was driven by the mega-tech…