Heroes of the Great Depression II

I only took one course in International Trade and was very impressed with the Marshall Lerner Condition which needs to hold to have devaluation improve your balance of trade. The Marshall Lerner condition has never applied to the US mainly because our demand for imports is...

Can Equities Cushion the Blow of Falling Gold Prices?

The Gold Report: Peter, can you give us your long-term view of the Eurozone as it lurches from bailout to bailout?Peter Rose: Some major things have to happen in Europe and the sooner, the better. Unfortunately, I think it will get worse in the short term.But from the mining...

When Gold Has No Friends

There are likely, at minimum, half a dozen reasons for the swift correction in precious metals over the past week. The real reason might be one, two, or even all of what I’m going to lay out below. I’m going to go way out on a limb here. Right now gold has no...

Elaborates On The LBMA Default & Ensuing Panic

Eric King:  “Inside that piece (“The Secret World of Gold”) you talked about gold leasing and the mechanics of that.  Jim Sinclair wanted me to bring that up to you, the gold leasing, the mechanics of it, can you talk about that?” Maguire:  “We...

Gold Continues to Rebound Above $1400

It did not let up until the COMEX pre-market opened at 7:30 this morning, having added nearly $30 to the price and challenging the 200 day moving average.  Gold promptly ran into some selling pressure which took it back down to $1420, which looks to be forming up as a...

Gold Basis Report RE: Silver “Smashdown”

The “coordinated smashdown of gold and silver” was on everyone’s mind this week, but is it true? Did the price of paper gold (futures) divorce from the price of physical gold? One thing is for sure, the dollar gained from 21g to over 22g of gold on Friday. A 5% move...

Beat Obamacare with These Biotech ETFs

Many investors are worried about the effects of Obamacare on their health insurance, quality of medical care and the economy. But one health care sub-sector that is booming despite the proposed changes is the biotechnology industry. Biotech has always been a niche piece...

After the flash crash in gold: Andy Xie

The recent gyrations in precious metals, commodities, and both the dollar and yen stem from correlated deployment of vast liquidity resulting from quantitative easing around the world. Some of the correlations are just due to the same people stir-frying the same stuff,...

Gold: Been There, Done That And Bought The T-Shirt

Gold collapsed over 14 percent in the sharpest tumble since 1983 raising fears that its twelve year bullion is over. Some blame the collapse on the fear that Cyprus and other weakened European countries would have to dump their gold reserves. Wrong. Under an earlier...

Physical Gold Buyers Will Now Crush Central Planners

http://economicrisis.com/physical-gold-buyers-will-now-crush-central-planners/5427 Physical Gold Buyers Will Now Crush Central Planners “Gold is freeing itself as an emancipation process from the gold banks control via paper gold that has no gold whatsoever involved...

2010: Bitcoin Founder Satoshi Compares BTC to Precious Metals

http://economicrisis.com/2010-bitcoin-founder-satoshi-compares-btc-to-precious-metals/5512 2010: Bitcoin Founder Satoshi Compares BTC to Precious Metals Back in 2010, when the mysterious founder(s) of bitcoin, known as Satoshi was still active in forums, he/she/they had...

Has Barry Ritholtz ever questioned a central bank about gold?

http://economicrisis.com/has-barry-ritholtz-ever-questioned-a-central-bank-about-gold/5495 Has Barry Ritholtz ever questioned a central bank about gold? Your secretary/treasurer’s appearance Wednesday on Yahoo’s “Daily Ticker” program with Aaron Task ...

Gold sees Strong Short Covering in Asia

http://economicrisis.com/gold-sees-strong-short-covering-in-asia/5490 Gold sees Strong Short Covering in Asia Last evening here in the US, while watching the gold price action, it was evident that the reports of strong physical buying spooked a fair number of...

Swiss To Vote On Gold Repatriation – “Gold Is The Only Valuable A

http://economicrisis.com/swiss-to-vote-on-gold-repatriation-2/5476 Swiss To Vote On Gold Repatriation – “Gold Is The Only Valuable Asset On The SNB’s Balance Sheet” A few weeks ago, we wrote of the Swiss People’s Party’s efforts to gain enough signatures to...

Gold Commitment of Traders Explains surge in Open Interest

http://economicrisis.com/gold-commitment-of-traders-explains-surge-in-open-interest/5481 Gold Commitment of Traders Explains surge in Open Interest Many commentators have been confused by the recent open interest readings that we have been getting out of the CME Group...