Thursday, December 1, 2016

Gold World News Flash

Gold World News Flash

Gold and Silver in Review

Posted: 28 Nov 2030 12:00 AM PST

Gecko Research reviews the past week in gold and charts their actions.

Trump's Tax Cuts Imply Billions Worth Of Deferred Tax Asset Writedowns For Wall Street Banks

Posted: 01 Dec 2016 02:00 AM PST

Corporate tax reform has been a key policy initiative of Trump's as he has called for slashing the corporate tax rate from 35% down to 15%.  While this is welcome news for most companies, it would result in some fairly staggering writedowns for Wall Street's largest banks that amassed substantial net operating losses in 2008 and 2009.

According to Bloomberg, Citibank would be hardest hit with writedowns that could hit earnings for up to $12 billion or more. 

Donald Trump's planned U.S. corporate tax cuts could translate to a big one-time earnings hit for many of the biggest U.S. banks, thanks to tax benefits they generated during the 2008 financial crisis.


Citigroup Inc. would take the deepest earnings hit -- perhaps $12 billion or more, according to recent estimates by the bank's chief financial officer and several banking analysts. Mark Costiglio, a Citigroup spokesman, declined to comment. Others, including Bank of America Corp. and Wells Fargo & Co. could face multibillion-dollar writedowns.


The banks might have to write down deferred tax assets, which often pile up when a company loses money and can't immediately enjoy the tax benefits of those losses. Any writedowns won't have much impact on capital levels for the banks for regulatory purposes, and lower taxes will allow for higher earnings in the long run. But a one-time hit to earnings can make for a bruising quarter -- and even year -- for a bank's results.


"It's a traumatic experience for companies with large" amounts of such assets, said Robert Willens, an independent tax and accounting expert in New York. "In one fell swoop, a significant part of their net worth goes up in smoke."

Among other things, Trump's major tax policy proposals for businesses include slashing the corporate tax rate to 15% from 35%, providing a one-time repatriation holiday of 10% for cash held overseas and allowing businesses with manufacturing operations in the United States to expense capital expenditures.  While it's unlikely that he'll get all of those proposals through Congress, even a rate reduction to 25% would result a meaningful earnings hit for the banks.

Trump and House Republicans, led by Speaker Paul Ryan, have proposed dramatic corporate tax-rate cuts -- part of what they pledge will be the biggest tax overhaul since President Ronald Reagan's era. Trump has called for cutting the rate to 15 percent, while the House Republican "blueprint" for tax changes proposes 20 percent.


It's unclear which rate might prevail -- or whether a deal might be reached for a wholly different rate. Amid that uncertainty, some analysts and executives have calculated the potential effects of a 25 percent rate -- roughly the average corporate tax rate of the 34 members of the Organization for Economic Cooperation and Development.

Trump Mnuchin


Even if the U.S. corporate rate declines to 25%, Citigroup could have to take an earnings hit of $12BN while Bank of America, Wells Fargo and Goldman would all be looking at multi-billion dollar writedowns as well.

At a 25 percent rate, Citigroup would be required to lower its earnings by $6 billion to reflect the reduced value of its tax-deferred assets, John Gerspach, the bank's chief financial officer, told investors at a conference hosted by Bank of America on Nov. 16.


But that could change if a Republican call for exempting overseas corporate earnings from U.S. taxation is enacted as part of the tax overhaul. Under that scenario, Gerspach said, Citigroup would have to write down as much as $12 billion -- because a large part of its deferred tax assets consist of unused foreign tax credits.


Calculations by Brian Kleinhanzl, a financial-sector analyst at KBW, show that at a 25 percent corporate tax rate, Bank of America would face a $6.6 billion writedown, while Wells Fargo's would be $4 billion. Goldman Sachs Group Inc.'s would be $1.6 billion, according to KBW's estimates.

Meanwhile, Fannie and Freddie could also be looking at writedowns of over $15BN in aggregate.  According to KBW, that level of earnings hit may be sufficient to trigger the need for another capital infusion from the Treasury Department.

The implications might also reach mortgage giants Fannie Mae and Freddie Mac, which could see write downs of $10 billion and $5.4 billion respectively, according to a Nov. 27 KBW research note. Those hits would be large enough to potentially require both of them to seek a new infusion of money from the Treasury Department, the note said. Peter Garuccio, a spokesman for the Federal Housing Finance Agency, which oversees the government-backed lenders, declined to comment.

Of course, in reality these 1x charges will most likely be dismissed by investors, to the extent they don't trigger incremental capital requirements, as the long-term impact of lower tax rates is universally positive for corporate cash flow.  Meanwhile, companies with deferred tax liabilities, including AT&T and Apple, will enjoy the reciprocal benefits of 1x paper gains.

"Over time, any impact will be offset by lower rates," said Jerry Dubrowski, a spokesman for Bank of America. Ancel Martinez, a spokesman for Wells Fargo, declined to comment. "It is impossible for us to comment until we have seen legislative detail," said Jake Siewert, a Goldman Sachs spokesman.


To be sure, any federal tax overhaul might include rules allowing companies more time to generate taxable income and fully harvest their deferred tax assets. Also, the one-time hit to earnings would be followed by higher income over the longer term, which would allow many banks to build capital faster.


"Long-term, it's positive, because companies will report increased earnings-per-share," said KBW's Cannon. "Short-term, tax reform won't have as large a positive effect on banks -- Citi is the 800-pound gorilla."


The short-term bad news has a financial flipside: Companies with so-called deferred tax liabilities -- future tax bills that they now expect to pay at the 35 percent rate -- would get a sudden windfall if the corporate rate is cut. Winners would include AT&T Inc., which could see an immediate, one-time earnings boost of as much as $30 billion, and Apple Inc., which could see an extra $15 billion, Willens said. AT&T's tax liabilities stem from depreciation and amortization tied to investments in equipment, he said, while Apple's relate to anticipated U.S. tax bills on overseas earnings.

Like all other financial news these days, the market's ultimate takeaway from Trump's tax plan will be to buy more of everything...that said, you have to appreciate the irony here.

Caught On Tape: Man Steals $1.6 Million Bucket Full Of Gold In Midtown Manhattan In Broad Daylight

Posted: 01 Dec 2016 12:34 AM PST

Police released footage on Tuesday of what may be the luckiest theft in recent history. In the clip, a man brazenly swipes an 86-pound bucket full of gold worth $1.6 million from the back of an unattended armored truck on West 48th Street in the Diamond District on Sept. 29, in broad daylight, as tourists and locals were walking in and out of the jewelry stores that line the block.

The footage, first obtained by NBC 4 New York showed the man capitalizing on a 20-second window left open by the guards, one of whom was making a pickup while the other was walking to the front seat. The suspect allegedly cased the open Loomis International truck as it parked outside 48 W. 48th St., near Sixth Avenue. Realizing no one was looking, he then grabbed a black 5-gallon bucket carrying 86 pounds of gold flakes bound for Ontario and ran away with it in his arms, police said.

The heist, which was captured on tape, showed the man making off with the 86-pound bucket. Throughout his hour-long escape, he appears to struggle with the gold flakes, stopping to set them down several times and even attempting to carry them on his shoulder at one point.

Surveillance cameras tracked him weaving around a crowded sidewalk and onto Sixth Avenue where he disappears from view. 

The suspect, who hadn't been arrested as of Wednesday morning, is about 5
feet 6 inches tall, 150 pounds and in his 50s, police said. Cops suspect that the man is lying low in Orlando or Miami until things blow over in the Big Apple. He was last seen wearing a black vest, green shirt, blue jeans and carrying a black messenger bag, police said.

According to the Post, authorities said his actions appeared to be those of a man who was completely unprepared. "I think he just saw an opportunity, took the pail and walked off," NYPD Detective Martin Pastor told NBC, adding that police believe the sticky-fingered swindler had no idea what he had just scored.

"I think when the lucky charm opened up the bucket, he'd seen the rainbow and seen the gold," Pastor said.

Silver Prices & Interest Rates

Posted: 30 Nov 2016 11:01 PM PST

From Louise Yamada – technical analyst: "History shows the only place for interest rates to go from here is higher." Examine the above chart of interest rates for 200 years. Rates rise and fall in...

{This is a content summary only. Click on the blog title to continue reading this post, share your comments, browse the website, and more!}

From Bush To Trump: Culture, Economy, & War - The Pillars Of The New World Order

Posted: 30 Nov 2016 11:00 PM PST

Submitted by Federico Pieraccini via,

Looking at US history over a fairly long period of time, it is easy to see the destructive path that has accompanied the expansion of the American empire over the last seventy years.

While World War II was still raging, US strategists were already planning their next steps in the international arena. The new target was immediately identified in the assault and the dismemberment of the Soviet empire. With the collapse of the Berlin Wall and the end of the Soviet economic model as an alternative to the capitalist system, the West found itself faced with what was defined as ‘the end of' history, and proceeded to act accordingly.

The delicate transition from bipolarity, the world-order system based on the United States and the Soviet Union occupying opposing poles, to a unipolar world order with Washington as the only superpower, was entrusted to George H. W. Bush. The main purpose was to reassure with special care the former Soviet empire, even as the Soviet Union plunged into chaos and poverty while the West preyed on her resources.

Not surprisingly, the 90's represented a phase of major economic growth for the United States. Predictably, on that occasion, the national elite favored the election of a president, Bill Clinton, who was more attentive to domestic issues over international affairs. The American financial oligarchy sought to consolidate their economic fortunes by expanding as far as possible the Western financial model, especially with new virgin territory in the former Soviet republics yet to be conquered and exploited.

With the disintegration of the USSR, the United States had a decade to aspire to the utopia of global hegemony. Reviewing with the passage of time the convulsive period of the 90’s, the goal seemed one step away, almost within reach.

The means of conquest and expansion of the American empire generally consist of three domains: cultural, economic and military. With the end of the Soviet empire, there was no alternative left for the American imperialist capitalist system. From the point of view of cultural expansion, Washington had now no adversaries and could focus on the destruction of other countries thanks to the globalization of products like McDonald's and Coca Cola in every corner of the planet.

Of course the consequences of an enlargement of the sphere of cultural influence led to the increased power of the economic system. In this sense, Washington's domination in international financial institutions complemented the imposition of the American way of life on other countries. Due to the mechanisms of austerity arising from trap-loans issued by the IMF or World Bank, countries in serious economic difficulties have ended up being swallowed up by debt.

Too many nations have experienced the tragedy of an economic collapse due to the obligation to privatize or grant to foreign corporations the rights to exploit their primary resources - the long arm of Western governments. Such an economic model has generated an epidemic of predatory finance and speculation, enormously strengthening the domination of the capitalist system on the rest of the globe. It is not a coincidence that in 1995 the WTO was founded, which imposed conditions of trade that strongly favored the European powers and the American empire.

In the event of a failure of cultural or economic pressure, Washington has often opted for real military aggression. An act of war is the most explicit form of abuse and is normally reserved for nations that refuse to comply with Atlanticist directions. In this sense, towards the end of Clinton's term, the tone of the presidency shifted from a predilection towards focussing on the economy to aggression against sovereign nations. The first victim was Somalia, then in short order followed by the bombing of Serbia and the breakup of Yugoslavia. A relatively new phase in the recent history of the United States began, whereby economic and cultural expansion gave way to the reign of destructive bombs and missiles.

Although the disintegration of the former Yugoslavia was successful, the US image in the world began to be diminished, including its cultural leadership. Military action always produces consequences in the functioning of international relations, although history is often written by the winners.

By the end of the 90's, although no country was in a practical position to oppose a cultural, economic or military resistance against Washington, the first thoughts of an alternative alliance to the Western bloc were beginning to emerge. The United States, while sniffing the danger, did not change direction, committed as it was to the idea of a ??cultural imposition, which became even more pronounced as a result of the expansion of the Internet as well as the effects of economic globalization.

The decision to shift gears, accelerating the triad of cultural, economic and military pressure, was eloquently expressed by the elites with the controversial victory of George W. Bush in 2000.

The successor to Bill Clinton had necessarily to be a president with a strong military angle, a high capacity to expand the capitalist globalization model, and a huge sense of patriotism to spread American propaganda of every possible cultural form in every corner of the planet. The ultimate goal was to surround the Heartland (China + Russia + Eurasia generally) as was expressed by MacKinder, to control their resources. Thus began an uncertain mission, requiring the election of a president friendly to the project of a unipolar New World Order created by the elite.

In the following years, thanks to the September 11, 2001, Washington had a perfect way to expand its wars and terror to every corner of the world. Economic aggression experienced a further boost with the creation of the EURO, a maximal expression in the financial domain. The Internet and increasing growth of interconnectivity ended up accelerating globalization, centralizing even more decision-making power into a few hands. The sum of these factors made it possible to fruitfully continue the devastating work of evangelization according to the Western economic model.

Yet despite the apparent economic and cultural expansion of the United States, as well as an incessant war operation in Iraq in 2003 and Afghanistan in 2001, the dream of a triumphant march towards global hegemony began to suffer the first setbacks.

The economic or cultural factor began to no longer be sufficient, requiring the opting of an armed solution as in Afghanistan and Iraq, demonstrating in practice how the American empire was serious about expanding eastwards, expanding its ambitions and influence. In this cultural, economic and military march, Washington often ignored or underestimated the consequences of its actions thanks to its unique position as the world superpower. This is a strategic mistake that will cost the United States and its utopian dreams of global domination.

However, the earliest forms of Eurasian resistance already began to emerge in the mid 90’s, first with the creation of the Shanghai Cooperation Organization (SCO) in 1996 and then with the Eurasian Economic Union in 2000 (the first discussions began in 1994), two factors that changed the course of history several years later.

The Republic of China, thanks to the pressure resulting from globalization, became the global farm, accumulating wealth and rapidly becoming over the coming fifteen years the first global economic power. The Russian Federation, on the other hand, after a decade of hunger and hardship, elected Putin, a strongman emanating from the intense nationalistic view. Thanks to a protectionist attitude towards the economy and a strong determination to reinvigorate the military role of Russia, in the space of 15 years he brought Moscow to be global power status.

In the end, the Bush era, degraded by destruction in Iraq and Afghanistan, has brought more harm than good in Washington. Bush laid the foundation for a process of unification of the opposing powers to American imperialism and forced them into each other's’ arms (BRICS) to mount an effective counter to the cultural, economic and military action of the euro-American elites.

As well as unifying the enemies of Washington, the American home front was beginning to show signs of unrest, both economically and militarily. The two wars deeply shook Western public opinion, forcing the elite to propose a candidate representing rupture who was focused on internal needs. Obama has been the perfect representation of this intent.

Elected with less warlike intentions of Bush and the clear need to reform a financial system that was out of control, he has failed in both cases, dragging the world into an unending conflict while giving high finance absolute control over the levers of economic power. The Fed and the private banks have increased their power enormously under Obama, coming to determine directly the democratic order of even allied nations with mechanisms such as spread or the ability to print money at zero interest. Instead of regulating the perverse financial mechanisms, their influence has increased. Instead of trying to mediate with hostile nations, Obama embarked on a mission of nation-building, regime change and color revolutions, using the whole arsenal of soft-power at his disposal. these were of course intentional and deliberate choices.

Obama was forced to adopt new destabilization techniques to obscure their purpose in the eyes of the population without losing sight of the objectives of the elites established in the early 90’s. Drones, economic manipulation, TTIP, TTP, special forces, color revolutions, the Arab Spring, sanctions and cyber warfare - these have become the Obama administration's modus operandi.

The key factor remains the possibility of denying direct involvement in wars harmful to the image of the United States and its continuing economic, cultural and military expansion. From here these techniques can be seen in 2010 in the Middle East and North Africa, the spread of speculation in some European countries, and drone attacks in Afghanistan, Iraq, Syria, Libya, Yemen and Somalia. This is not to mention the hundreds of troops belonging to special forces spread over five continents and the coup financed and organized by the US government organs in Ukraine.

The Obama administration has been accelerating global hegemony by swapping tools, but the effects and causes have remained the same as, or even worse than, previous administrations.

Meanwhile, the economic unions, cultural and military between the three nations pioneer of anti-imperialism, Iran, China and Russia, have accelerated their strategic alignment as an instrument of deterrence against advancing American hegemony.

The war in Syria, combined with the worsening of the crisis with Russia, tensions with China in the South China Sea, and the aggressive posture toward Iran's orbit of Shiite nations, have accelerated the erosion of American power. The main causes are the failed cultural model imposed through the Arab Spring; the economic coup in Ukraine (the nation is on the brink of bankruptcy); and the military impossibility of direct intervention in Syria. The United States, in the space of a decade, has found itself facing a reality no longer compatible with the plan of global hegemony.

The Trump victory fits into this decadent scenario. Are we facing a true revolutionary who intends to rid forever global hegemonic aims, or is he simply a well-thought-out pause, created by the elites to revitalize the economy, arrest the internal discontent in the country, and rebuild the army to resume the march toward global hegemony in 2020?

This is the typical million-dollar question that I tried to give an answer to in a previous article. At the moment, it is difficult to interpret and predict which path will be taken by the elected president. Both have many arguments to support them and can easily be disputed or accepted. Only time will tell if the reality around us is already now placed in a multipolar world order, or if we are in a convulsive transition phase in which the United States remains anchored to the role of global power hoping to preserve the 'unipolar moment' it began in 1989.

Sheikh Imran Hosein ABOUT Donald Trump elected US president

Posted: 30 Nov 2016 09:30 PM PST

Imran Nazar Hosein is an Islamic scholar, author and philosopher specializing in Islamic eschatology, world politics, economics, and modern socio-economic/political issues. He is the author of Jerusalem in the Qur'an. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts...

[[ This is a content summary only. Visit for full links, other content, and more! ]]

Gold and the Italian Vote

Posted: 30 Nov 2016 09:20 PM PST


Gold prices are getting pummeled on a daily basis and appear to be coming down as fast as they went up.

First we had Brexit which resulted in both the Euro and the British Pound getting sold off hard. When these two currencies lose value the US Dollar is forced to go higher as per The US Dollar Index. As gold has an inverse relationship to the dollar then gold’s value tends to fall in dollar terms.

The election of Donald Trump also appears to good for the dollar as the expectation is that the re-building of the infrastructure, in all its forms, will give the economy a boost and so investment funds start to flow into the US.

Referendum in Italy

This brings us to

The End of the world the terrible earthquake documentary

Posted: 30 Nov 2016 08:30 PM PST

 National.Geographic:the end of the world the terrible earthquake documentary HDvolcanic earthquake recorded earthquake is artificial earthquake - a catastrophic earthquake is a local earthquake.. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists...

[[ This is a content summary only. Visit for full links, other content, and more! ]]

Michael Oliver suspects, Paul Roberts denounces gold market rigging

Posted: 30 Nov 2016 07:46 PM PST

10:45p ET Wednesday, November 30, 2016

Dear Friend of GATA and Gold:

In commentary at King World News, Michael Oliver of Momentum Structural Analysis sees the recent lockdown of the gold price as evidence of market manipulation:

Interviewed by USA Watchdog's Greg Hunter, former Assistant Treasury Secretary Paul Craig Roberts couldn't be more direct about it. "The markets are all rigged," Roberts says. "So when you try to look at the markets in traditional ways such as price-earnings ratios, earnings growth, sales growth, or any things like this, they don't know anything because the Federal Reserve has probably the largest trading desk in the world. They can trade anything, in fact, everything, and they have no limits on their pocketbook. ...

"For the Fed to protect the dollar's exchange value from the massive outpouring of dollars that the Fed created to buy all the bonds, they had to stop the dollar from falling in relation to gold. So they have to sell massive amounts of gold shorts in the futures markets. This is how they knock the gold price down. ..."

Roberts' interview is posted at USA Watchdog here:

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.


Sandspring Resources Commences 2016 Exploration Campaign

Company Announcement
August 17, 2016

Sandspring Resources Ltd. (TSX VENTURE:SSP, US OTC: SSPXF) is pleased to announce commencement of the 2016 exploration campaign at its Toroparu Gold Project in Guyana, South America.

In 2015 the company completed a 3,700-meter diamond drilling program on the promising Sona Hill Prospect, located 5 kilometers southeast of the main Toroparu deposit. Sona Hill is the easternmost gold anomaly in a cluster of 10 gold features located within a 20-by-7-kilometer hydrothermal alteration halo around Toroparu. Drilling at Sona Hill in 2012 and in 2015 intercepted high-grade mineralization in both saprolite and bedrock, and confirmed the continuity and grade potential of the Sona Hill mineralization.

For the remainder of the announcement and highlights of the 2015 drill program:

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

To contribute to GATA, please visit:

China Curbs Gold Imports To Slow Capital Flight

Posted: 30 Nov 2016 07:15 PM PST

While all eyes were on India (as rumors swirled of an imminent gold import ban), The FT reports that China curbed gold imports in the wake of government attempts to clamp down on capital leaving the country, according to traders and bankers.

Some banks with licences have recently had difficulty obtaining approval to import gold, they said — a move tied to China's attempts to stop a weakening renminbi by tightening outflows of dollars, the banks added.


The hit to gold imports comes as China tightens restrictions on overseas deals by state-owned companies in an effort to limit capital outflows that has seen the renminbi fall to its lowest against the dollar in eight years.

When the headline hit, gold futures legged lower, but are rebounding...

As The FT notes, quotas for importing gold have been cut during quarterly assessments this year. Banks also have dollar quotas, some of which must be used when buying gold.

The limits on imports bite as the weakening renminbi raises Chinese investors' interest in gold. Lower gold prices have also triggered more buying.


The combination of tighter quotas and an uptick in demand caused the premium for gold in China over the international gold price to jump as high as $46 in the past few weeks, according to data from Wind Information. Normal levels are about $2 to $4.


In an effort to ease that premium, Chinese banks have been allowed to import gold under their quotas using the offshore renminbi, one banker said. Although still high, the premium for gold on the Shanghai Gold Exchange has since fallen to $26, according to Wind data.

If the restrictions on imports are sustained that could raise questions about China's moves to open its gold market to international traders. The world's largest consumer of the precious metal has moved to have a greater voice over the price of gold.

Hillary Clinton Has A Major Racist Meltdown On Video

Posted: 30 Nov 2016 06:30 PM PST

Nasty , crooked , liyin, pathetic ! She's totally ignorant and stupid ! The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

[[ This is a content summary only. Visit for full links, other content, and more! ]]

Trump telling the truth of the war on Syria

Posted: 30 Nov 2016 06:00 PM PST

Our involvement in Libya was not an approved or joint effort, it was HILLARY, herself, who wanted the gold and the loot, the weapons cache that Ghaddafi had stored up and took it for herself. She shipped the weapons to Syria via Turkey and had those who were there killed to cover her tracks so they...

[[ This is a content summary only. Visit for full links, other content, and more! ]]

Gold Price Closed at $1170.80 Down 17.10 or -1.44%

Posted: 30 Nov 2016 05:02 PM PST

30-Nov-16PriceChange% Change
Gold Price, $/oz1,170.80-17.10-1.44%
Silver Price, $/oz16.41-0.26-1.53%
Gold/Silver Ratio71.3640.0660.09%
Silver/Gold Ratio0.0140-0.0000-0.09%
Platinum Price908.10-10.80-1.18%
Palladium Price771.658.001.05%
S&P 5002,198.81-5.85-0.27%
Dow in GOLD $s337.654.891.47%
Dow in GOLD oz16.330.241.47%
Dow in SILVER oz1,165.6517.961.56%
US Dollar Index101.510.560.55%

Get Franklin Sanders Daily Gold Price Reports and Market Commentaries:

If the form above does not display in your iPhone or android app, please use this link to visit the website signup form:

CNN Caught In Biggest Lies Yet Against The American People

Posted: 30 Nov 2016 04:00 PM PST

 CNN continues is onslaught of fake news against Alex Jones and Donald Trump. But calling Alex Jones a former KKK leader has to take the cake. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists ,...

[[ This is a content summary only. Visit for full links, other content, and more! ]]

Leaked recording: Colombia plane ran out of fuel before impact

Posted: 30 Nov 2016 03:00 PM PST

 Leaked Recording: Pilot of Colombia Plane That Crashed Said He Was Out of Fuel The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

[[ This is a content summary only. Visit for full links, other content, and more! ]]

Jim’s Mailbox

Posted: 30 Nov 2016 02:42 PM PST

Jim, It is really that they are $&%#*scarred that yields are rising hence why they pummel gold. As a result of the upwards trending yields the dollar of course also strengthens. They can’t have higher yields and higher gold prices because that would open the floodgates into gold something that will have to happen anyway!!!... Read more »

The post Jim’s Mailbox appeared first on Jim Sinclair's Mineset.

Brexit, Trump… And Now Italy?

Posted: 30 Nov 2016 02:41 PM PST

This post Brexit, Trump… And Now Italy? appeared first on Daily Reckoning.

First came Brexit. Then came Trump. And on Sunday, Italians will likely deliver the third major rebuke to the global elites this year.

Jim Rickards has offered his invaluable insight into this next political earthquake. And who better to ask? Jim was among the few who wouldn't rule out the possibility that Britons might choose to leave the European Union. Then he really stuck his neck out and forecast a Trump victory.

On Sunday, Italians go to the polls to say yea or nay on constitutional reforms. "The vote," Jim tells us, "has morphed into a referendum on the pro-EU leadership of Italian Prime Minister Matteo Renzi. In effect, this referendum is a kind of 'Italian Brexit' vote, although a 'no' vote would not cause an immediate exit from the EU."

But it would prompt Renzi to resign. He's said so. "That would necessitate new elections," Jim goes on, "which could facilitate the rise of the Italian Five Star Movement. Five Star is an anti-EU, anti-immigration nationalist party."

"The Five Star leader is like the Donald Trump of Italy," Jim adds.

Indeed. This morning's Wall Street Journal tells us of a video posted by Five Star leader Beppe Grillo, who got his start in public life as a comedian.

"An era is going up in flames," Grillo says — with Trump's election-night victory speech playing in the background. "It's the risk-takers, the stubborn, the barbarians who will carry the world forward…We will end up in government, and they will be asking, 'How did they do it?'"


Beppe Grillo, champion of "the barbarians." Dig the hair! [Youtube screengrab]

Back to Jim: The fear is that the fall of Renzi and the rise of Five Star could lead eventually to Italy's withdrawal from the EU and the breakup of the euro.

"Of course, that kind of turmoil has negative implications for Italian and German banks that are facing insolvency for other reasons. In a worst case, a breakup of the euro and collapse of European banks could ignite another global financial crisis."

The Renzi government is planning some large bank bailouts. His resignation would put those plans on hold. Thus the Financial Times story we mentioned on Monday, in which anonymous "insiders" warned that if Italians vote "no," it could bring down eight shaky Italian banks… and by extension, the sickly German giant Deutsche Bank.

Key point: Unlike Brexit and Trump, the polls already show a "no" vote is a near-certainty.

"The Italian referendum is important, but the fears are overblown," says Jim.

[Heh… Bet we threw you for a loop there. Who says we're all about doom and gloom?]

"Italy is a core member of the EU and the eurozone," Jim explains, "along with Germany, France and the Netherlands. Leaving the euro is almost inconceivable under any circumstances. In fact, the people of Italy support the euro because they recall the bad old days of the Italian lira and government theft of savings through continual lira devaluations."

And Jim goes a step further: "The situation in Italy is far less precarious than Greece in the 2010–15 European sovereign debt crisis.

"When it came time for a showdown in June 2015, Greece chose to remain in the euro and accept austerity rather than go back to the Greek drachma. Italians will do the same, while suffering far less austerity than the Greeks."

So there. Italy will be the third great shock to the political system… but the financial impact will be less than the mainstream hand-wringers would have you believe.


Dave Gonigam
for The 5 Min. Forecast

The post Brexit, Trump… And Now Italy? appeared first on Daily Reckoning.

Trump Takes on the Establishment — Literally

Posted: 30 Nov 2016 02:30 PM PST

This post Trump Takes on the Establishment — Literally appeared first on Daily Reckoning.

“I would get rid of the Federal Reserve because the volatility in the economy is primarily caused by the Fed.”

Are these the words of a David Stockman or some cranky old gold bug?

No. They're the words of the next possible Treasury secretary! John Allison is the former CEO of BB&T Bank and board member of the Cato Institute, a libertarian think tank. And Trump's considering Allison for Treasury Secretary — if the rumors are to be credited.

“When the Fed is radically changing the money supply, distorting interest rates, and overregulating the financial sector, it makes rational economic calculation difficult,” Allison continued.

Bravissimo, bravissimo. Allison's even whistled for — angels and ministers of grace defend us — “a market standard such as gold.”

The fellow wants a gold standard!

Could it be… Trump's going to nominate a gold guy as his Treasury Secretary? And someone who'd ditch the Fed into the bargain? If Trump's serious about draining the swamp, Allison's just the man for the job.

But alack and alas, Allison's not getting the gig.

Who is, evidently? A swamp thing — former Goldman Sachs partner Steven Mnuchin. Seventeen years he wriggled and slinked for Goldman. Then he left to run a hedge fund. Mnuchin, incidentally — or not — also ran Trump's campaign fundraising efforts.

Draining the swamp?

Bloomberg: "The choice of Mnuchin… illustrates the extent to which Trump is relying on Wall Street executives as he prepares to take office, even after decrying the influence of big banks during the campaign."

There's justice in these remarks. Trump spent the past year hissing and booing at Wall Street, to the roars of his customers.

Did Donald take us all for a sleigh ride?

Mnuchin has a history of supporting politicians — mostly Democrats. He donated money to Obama in 2008. He also contributed to ahem… Hillary Clinton's senatorial and presidential campaigns. But a fellow's got to hedge his bets. He also donated to the Romney campaign in 2012.

Bloomberg highlights the upstream swim ahead of him, should Mnuchin accept the nomination. He "would inherit an era of rising government debt just as the Treasury will need to finance Trump's expansionary fiscal plans. The U.S. budget deficit is forecast to widen and may go higher if Trump needs to finance a wall at the U.S.-Mexico border, cut taxes and spend $1 trillion on infrastructure."

Two words: good luck.

This Mnuchin character's got a full head of dark hair right now. We predict he'll be bald and gray by the time he's done — or rather, when the job's done with him.

In fairness… little is known about Mnuchin's stance on fiscal policy, interest rates, or other details of the trade. Maybe he's a closeted Ron Paul. But given his pedigree, the term "more of the same" springs to mind. "Draining the swamp" doesn't.

Heaping Pelion upon Ossa… Trump has apparently fingered another Goldman Sachs man — and Democrat — for a leading role. Goldman president Gary Cohn is supposedly up for director of the Office of Management and Budget.

That's David Stockman's old job. Poor David. He'd be spinning in his grave if only he was dead.

Mnuchin and Cohn. Both fellows Establishment to their wingtips. And so we wonder, recalling our Ezekiel, if the Trump administration is simply the scorpions replacing the whips.

"Are you in town for good?" someone asked a dubious character in the 1934 film Belle of the Nineties.

"I expect to be here," came the answer. "But not for good."

We just hope these fellows are here for good. And stay for good.


Brian Maher
for The Daily Reckoning

The post Trump Takes on the Establishment — Literally appeared first on Daily Reckoning.

Gold Seeker Closing Report: Gold and Silver Fall Roughly 1%

Posted: 30 Nov 2016 02:00 PM PST

Gold fell $17.47 to $1171.03 in morning New York trade before it bounced back higher at times, but it still ended with a loss of 1.3%. Silver slipped to as low as $16.424 and ended with a loss of 0.72%.

The Revolution that Failed

Posted: 30 Nov 2016 01:51 PM PST

This post The Revolution that Failed appeared first on Daily Reckoning.

Revolutions have to do with drastic, wrenching changes in an established regime. Causing such changes to happen was not Ronald Reagan's real agenda in the first place. It was mine, and that of a small group of supply-side economic intellectuals.

The Reagan Revolution, as I defined it, required a frontal assault on the American welfare state. That was the only way to pay for the massive tax cuts central to the Reagan agenda.

Accordingly, forty years' worth of promises, assistance, entitlements and safety nets issued by the federal government to every component and level of society would have to be scrapped or drastically modified.

A true economic policy revolution meant risky and mortal political combat with all the mass constituencies of Washington largesse — Social Security recipients, veterans, farmers, educators, state and local officials, the housing industry, and many more.

Behind the budget cuts and tax cuts was the central idea of the Reagan Revolution. It was minimalist government — a spare and stingy creature, which offered even-handed public justice, but no more.

Its vision of the good society rested on the strength and productive potential of free men in free markets. It sought to encourage the unfettered production of capitalist wealth and the expansion of private welfare that automatically attends it. It envisioned the opposite of the coast-to-coast patchwork of dependencies, shelters, protections, and redistributions that the nation's politicians had brokered over the decades.

Here's the truth: The Reagan Revolution never had a chance.

It defied all the overwhelming forces, interests, and impulses of American democracy. Our Madisonian system of checks and balances, three branches, two legislative houses, and infinitely splintered power is conservative, not radical. It hugs powerfully to the history behind it. It shuffles into the future one step at a time. It cannot leap into revolutions without falling flat on its face.

Despite what many think, Reagan was a consensus politician, not an ideologue. He had no business trying to make a revolution because it wasn't in his bones.

He leaned to the right, no doubt. Yet his conservative vision was only a vision. He had a feel for long-term directions, but had no blueprint for radical governance. He had no concrete program to dislocate and traumatize the here-and-now of American society.

I supplied that program. Like all revolutionaries, I and my fellow supply-siders wanted to get our program out of the fringe where it had been hatched and into the mainstream. So we pitched it in tones that were music to every politician's ears. We highlighted the easy part — the tax cuts. The side of the doctrine that had to do with giving to the electorate, not taking from it.

In January 1980, Governor Reagan's campaign managers had sent him to school for a few days to get him brushed up on the national issues. Jack Kemp, Art Laffer, and Jude Wanniski thoroughly hosed him down with supply-side doctrine.

They told him about the "Laffer curve," where lower marginal tax rates supposedly lead  to higher tax revenues. It set off a symphony in his ears. He knew instantly that it was true and would never doubt it for a moment afterwards. He told a personal story about how confiscatory tax rates had made he and his fellow actors stop taking on roles after a point because the extra money moved them to a higher tax bracket.

High tax rates caused less work. Low tax rates caused more. But the Laffer curve's translation into the real economic world of 1981 was complicated and slippery.

A tax cut will increase revenues only if you start in a zero inflation economy. But Reagan inherited an inflation-swollen economy with prices racing upward at 12%. We all agreed inflation needed to be stopped.

But when you pump inflation out of the economy, something strange happens. The government's finances end up in the same boat with farmers, oil drillers and everyone else. All previous revenue projections collapse. The relationship between income and expenditure suddenly goes haywire. It dramatically depletes the Treasury's inflation windfall. To keep the budget solvent required draconian reductions on the spending side — a substantial and politically painful shrinkage of the American welfare state.

My blueprint for sweeping, wrenching change in national economic governance would have hurt millions of people in the short run. It required severing the umbilical cords of dependency that ran from Washington to every nook and cranny of the nation. It required the ruthless application of short-term pain for long-term gain.

These principles clashed everywhere with political reality. Over the decades, politicians had lured tens of millions of citizens into milking cows, food stamps, Social Security, the VA, and much more. For the Reagan Revolution to add up, they had to be cut off.

Only an iron chancellor would have tried to make it stick. Ronald Reagan wasn't that by a long shot…

Ronald Reagan proved to be too kind, too gentle, too sentimental for that. He always went for hard-luck stories. He saw the plight of real people before anything else. Despite his right-wing image, his ideology always took a back seat when he learned some individual human being might be hurt.

That's also why he couldn't lead a real revolution in American economic policy. He didn't have it in him.

By 1982 I knew the Reagan Revolution was impossible — it was a metaphor with no anchor in political or economic reality. It was simply not operationally relevant in the world of democratic fact where the politicians have the final say.

It's true, we succeeded in reducing the size of the nation's fiscal disaster modestly, despite the opposition. We whittled down defense. I got the politicians to make some domestic cuts also, in all, we got the deficit down to $200 billion, a rounding error in today's world.

Now, I didn't like joining forces with congressional politicians at all. I couldn't stand the idea of making deals to preserve their booty and waste. I disliked the idea of raising new tax revenue to pay farmers not to milk their cows or developers to build a luxury hotel in the ghetto.

But the congressional politicians had one redeeming virtue. They were willing to face economic and democratic reality. The dreamers in the White House — myself foremost among them — were not.

In the final analysis, there was no Reagan Revolution in national economic governance. All the umbilical cords of dependency still exist because the public elects politicians who want to preserve them. That is the unyielding bottom line.

I joined the Reagan Revolution as a radical ideologue. I learned the traumatic lesson that no such revolution was possible.

The fact is, politicians can be a menace. They never stop inventing illicit enterprises of government that bleed the national economy. Their social uplift and pork barrel is wasteful; it reduces our collective welfare and wealth. They have no thought beyond the next election.

There is only one thing worse, and that is ideological hubris. It is the assumption that the world can be made better by being made overnight. It is the false belief that in a capitalist democracy we can peer deep into the veil of the future and chain the ship of state to an existing blueprint. It can't be done. It shouldn't have been tried…

I wish Trump all the luck in the world. He's going to need it if he has any intention of "draining the swamp."

I just wonder if he has any idea what he's up against.


David Stockman
for The Daily Reckoning

The post The Revolution that Failed appeared first on Daily Reckoning.

These Were Supposed To Be Hillary’s Numbers!

Posted: 30 Nov 2016 01:36 PM PST

Like rising interest rates, a soaring currency is in effect a tax increase on anyone hoping to sell US-made goods to foreign customers. A Ford Explorer, for instance, is priced in dollars when exported. So a more expensive dollar means a more expensive – and therefore harder to sell – SUV. Lower sales for US corporations mean lower profits and, if history is any guide, lower share prices. The point of all this is that some serious headwinds are kicking up at a time when equities and bonds are priced for perfection and government policy both here and abroad is in flux. Which will make 2017 a fascinating, though probably not a fun, year.

Dr. Paul Craig Roberts accused of being a Russian Agent by MSM presstitutes !!

Posted: 30 Nov 2016 12:00 PM PST

Dr. Paul Craig Roberts is now asking Putin to issue him Russian Citizenship so that he can moe out of the United States of America ... The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers ,...

[[ This is a content summary only. Visit for full links, other content, and more! ]]

The Investment Trend Taking Over a Multi-Trillion Dollar Industry

Posted: 30 Nov 2016 11:57 AM PST

This post The Investment Trend Taking Over a Multi-Trillion Dollar Industry appeared first on Daily Reckoning.

I may be a Gen Xer, but I can still remember house calls from my childhood physician.

I remember his satchel and the needles inside.

But I don't remember seeing a single piece of computer technology on his person or in his office when I'd visit.

Yet since then, information technology has transformed every aspect in health care in more ways than we can easily count.

And it's still progressing.

Virtual and augmented reality are an irresistibly disruptive trend that's only just in its infancy.

And this trend is about to strike a seemingly immovable $3 trillion-per-year object: health care.

I say "seemingly" because health care has already been utterly transformed over the past few decades.

Better patient care, better outcomes, cheaper training and more precise interventions… even long-distance medicine… all of these will be touched by the emerging virtual and augmented realities.

VR and AR have been with us conceptually for a long time. They've been the subject of more than one sci-fi flick, usually dystopian, and we've had some crude devices around for decades.

But it never really caught on outside niche applications or entertainment venues.

We just didn't have enough power to create a truly useful immersive experience. We lacked the processing. We didn't have the rendering. The high-resolution displays weren't as high-resolution.

The sensors that can tell how we are oriented seamlessly and transparently adjust the scene when we change that orientation.

And even if we had all these things, we would still need a fast interface so that the virtual world we experienced could be translated from electrons in a computer to photons in a display for us to see.

Plus, even with all that poor performance, the early devices were much too big and heavy.

So VR and AR never really caught on — until now.

2016 proved a breakout year for VR technology.

The key is power and performance in a light, compact package.

Our cellphones went from dumb, bulky bricks to smart, svelte devices that fit in our pockets. The early smartphones didn't really catch on, and then when the tech got good enough, someone figured out how to put it to use.

Apple invented a killer design, and billions upon billions in sales came in its wake for this tech giant and its competitors.

This doesn't just apply to a device you carry in your pocket.

If you are going to wear a device on your head, you want it to be as light and comfortable as possible.

Thanks to relentless competition in semiconductor fabrication, we've shrunk circuits to ever smaller sizes…

We've improved battery energy density and efficiency…

We've made thinner and lighter displays…

And now, we are approaching the same critical growth stage with our virtual and augmented reality devices as we did with smartphones a decade ago. In fact, we are rapidly approaching escape velocity for this market.

That means VR technology is now finally becoming ready for everything from consumer devices to the mammoth health care market… VR/AR will become common place in medical schools, doctors' offices and hospitals.

This will prove to be a very lucrative business, indeed. Although only a few million VR headsets will be sold this year, VR and AR could be markets worth over $150 billion per year by the turn of the decade.

Recent estimates forecast 25% of that will be from VR in health care by 2025.

The health care industry is about to change – for the better – thanks to VR. And it's going to make a lot of investors very rich along the way.

To a bright future,

Ray Blanco
for The Daily Reckoning

The post The Investment Trend Taking Over a Multi-Trillion Dollar Industry appeared first on Daily Reckoning.

During The Economic Reset People Are Going To Feel The Pain Of A Collapsing Economy: Andrew Hoffman

Posted: 30 Nov 2016 11:30 AM PST

Today's Guest: Andrew Hoffman Miles Franklin Precious Metals And Global Investment Strategies The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

[[ This is a content summary only. Visit for full links, other content, and more! ]]

The Following Accident Will Be Individuals And Disastrous May Lose Their Pensions Mike Maloney

Posted: 30 Nov 2016 11:00 AM PST

 The Following Accident Will Be Individuals And Disastrous May Lose Their Pensions Mike Maloney, The Following Accident Will Be Individuals And Disastrous May Lose Their Pensions Mike Maloney The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists...

[[ This is a content summary only. Visit for full links, other content, and more! ]]

Daryl Bradford Smith ~ Financial Collapse and WW3

Posted: 30 Nov 2016 11:00 AM PST

 Daryl Bradford Smith in The Andrew Carrington Hitchcock Show, October 18, 2016.On Criminal Zionism, the Rothschilds, IG Farben, Albert Pike's Three World Wars Plan (1871), Crypto-Jew Adolf Hitler, Crypto-Jew Vladimir Putin, Chabad-Lubavitch, Putin & 9-11, Mao Zedong, James Corbett, Donald...

[[ This is a content summary only. Visit for full links, other content, and more! ]]

Paul Craig Roberts-Dollar Should Be Reduced Already to the Level of Toilet Paper

Posted: 30 Nov 2016 10:30 AM PST

 On holding physical gold and silver, economic expert and journalist Dr. Paul Craig Roberts, who holds a PhD in economics, says, "Anyone who has surplus funds should be holding gold and silver because the dollar should be reduced already to the level of toilet paper. The Federal Reserve's...

[[ This is a content summary only. Visit for full links, other content, and more! ]]

Latest Ben Fulford Conversation

Posted: 30 Nov 2016 10:00 AM PST

The battle for global control has been raging and is already reaching nuclear proportion. Don't fear, but be on constant alert as the enemy is already bleeding. The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists...

[[ This is a content summary only. Visit for full links, other content, and more! ]]

Why We Haven’t Seen Gold Price Rally after Trump Victory

Posted: 30 Nov 2016 09:56 AM PST

Even though the markets haven’t behaved logically of late, it would have seemed a slam dunk for gold to rise if Donald Trump won. After all, we faced uncertainty around his policies, rising inflation from infrastructure spending, and higher expected growth rates. But instead, gold has headed back down more sharply. It had its initial rise in the futures market when Trump looked like he was going to win. But since then, it’s reversed course – the opposite of the stock markets.

The world is feeling the might of China's commodity traders

Posted: 30 Nov 2016 07:54 AM PST

From Bloomberg News
Tuesday, November 29, 2016

The Chinese speculators shaking up global commodity markets are switched-on, flush with cash and probably not getting enough sleep.

For the second time this year, trading has exploded on the nation's exchanges, pushing prices of everything from zinc to coal to multi-year highs and sending authorities scrambling to deflate the bubble before it bursts. Metals brokers described panic earlier this month as the frenzy spread to markets in London and New York, prompting wild swings in prices that show no signs of abating.

While billions of yuan have poured in from herd-like Chinese retail investors who show little regard for market fundamentals, brokers and traders say even more is coming from an expanding army of deep-pocketed hedge funds. They're chasing better returns in commodities as stocks and real estate fade, often using algorithms and trading late into the night, when markets in London and New York are most active.

"There is no doubt that the price moves and the bigger volumes worldwide are being driven by the Chinese, and by professional speculators and financial players," said Tiger Shi, managing partner at brokerage BANDS Financial Ltd., which counts several of those funds as clients. "The Western hedge funds and institutional investors don't really know what's going on. Often they were used to trading macro factors or Fed policy, but now they find they have fewer advantages." ...

... For the remainder of the report:


We Are Amid the Biggest Financial Bubble in History;
When It Bursts, Bullion Owned in the Safest Way Will Protect Wealth

With GoldCore you can own allocated -- and most importantly -- segregated coins and bars in Switzerland, Singapore, and Hong Kong.

Switzerland, Singapore, and Hong Kong remain extremely safe jurisdictions for storing bullion. Avoid exchange-traded funds and digital gold providers where you are a price taker. Ensure that you are outright legal owner of your bullion. If you do not own segregated bullion that you can visit, inspect, and take delivery of, you are exposed.

Crucial guides to storage in Singapore and Switzerland can be read here:

GoldCore does not report transactions to any authority. Safety, privacy, and confidentiality are paramount when we are entrusted with storage of our clients' precious metals.

Email the GoldCore team at or call our trading desk:

UK: +44(0)203-086-9200. U.S.: +1-302-635-1160. International: +353(0)1-632-5010.

Visit us at:

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

To contribute to GATA, please visit:

A 6 Step Plan for Trump to Make Our Money Great Again

Posted: 30 Nov 2016 06:38 AM PST

There are plenty of economic problems to address, but the lack of sound money lies at the heart of them all. The Federal Reserve Note – a privately issued, un-backed debt instrument that supplanted our gold and silver backed U.S. dollar – has lost more than 90% of its purchasing power since Nixon severed the final link to gold in 1971. Politicians and central bankers have since been borrowing and printing currency without restraint to bankroll today's bloated and insolvent federal government.

A 'Wicked Rally' in Gold Predicted

Posted: 30 Nov 2016 06:21 AM PST

The fact that the gold market recovered so quickly confirms that demand is definitely alive and well, and that the RSI in the low 20s is strongly hinting at a short-term bottom for the precious metals. In fact, in closing out the week above $1,180, gold held critical support, which would be the best tape action in over three months.

The Value-added Tax System In China’s Domestic Gold Market

Posted: 30 Nov 2016 03:40 AM PST

Bullion Star

A 'Wicked Rally' in Gold Price Predicted

Posted: 30 Nov 2016 03:09 AM PST

Precious metals expert Michael Ballanger charts recent moves in the gold market and sees a rally in the making. Last week I felt that IF gold broke $1,180, it could see another $140 downside, taking it to the December 2015 lows of around $1,045. I also saw that the Relative Strength Index (RSI) was at the extremely low levels usually associated with bottoms.

Global Super Bubble To Implode As A Major Reversal In Global Markets Set To Begin

Posted: 30 Nov 2016 03:04 AM PST

Global Super Bubble To Implode As A Major Reversal In Global Markets Set To Begin
By Egon von Greyerz


Please click here to see my latest KWN interview.

Egon von Greyerz
Founder and Managing Partner
Matterhorn Asset Management AG… Read the rest

Breaking News And Best Of The Web

Posted: 30 Nov 2016 01:37 AM PST

OPEC agrees to cut output. Oil jumps, stocks rise, gold falls. The political focus shifts to upcoming Italian, French and Austrian elections, all of which could go against the establishment. India’s war on cash may turn into war on gold. Political class still searching for an explanation (see “Best of the Web”). Trump’s cabinet takes […]

The post Breaking News And Best Of The Web appeared first on

Gold Suffers Sharp Decline as Oil Jumps

Posted: 29 Nov 2016 04:00 PM PST

Gold bullion again gave back a $10 overnight pop on Wednesday in London, falling back to last week's finishing level at $1183 per ounce for the third session running as world stock markets rose and oil prices jumped on rumors of...

No comments:

Post a Comment