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Here’s a little story on trying to withdraw cash. Everyone that is a gold or silver bug knows that one should have some bullion exposure to guard against many things from financial collapse, as a 5000 year old reliable store of value, as an insurance policy on things going wrong. If you think a bit [...]

Don Coxe (Apr. 29, 2011) Canadian Political Scene and Impact to Money Flows into Canada does a review on the Canadian political landscape and the fact that the NDP have moved up to a 30% of the vote in the polls recently and could end up the official opposition. says it’s time for someone that [...]

Gold It was a very impressive day for gold, closing at yet a new all time high of $1563 up $32.20 on the day. The Dec 2016 contract finished at $1808.10 up a similar magnitude of $26.60. The jump today reminds me of comments by John Embry that has expected significant volatility where we’ll see [...]

Martin Armstrong on Passing the Touch to China (Apr 28th, 2011) Provides a comment by Adam Smith who asked: “why people consider government debt quality, when no nation has ever paid off its debt?” Martin points out how the financial capital of the world continuously moves around the world and tends to move from Europe [...]

James Turk Update on Bernanke (Apr 28th, 2011) Turk points out that the Fed seems to acknowledge higher commodity prices and rising inflation but then go on to say the inflation trend is subdued and stable. They then refer to keeping the low interest rate policy which seems to clash with inflationary pressures. He goes [...]

Talk on zerohedge yesterday about Apmex offering $3 over spot for silver, I guess they got some.

So Bernanke had his first press conference after the FOMC meeting. Most had assumed that he’d have been well prepared for this and would give the typical story and would try and prop up the dollar a bit, to prevent it from sliding to fast, continuing an ‘orderly’ decline in value, and chop a few [...]

So, did you hear the one about the 84 securities flash crash on Monday, Apr. 25th on the NASDAQ? Seems NASDAQ “experienced an issue” and 84 securities crashed. As noted, no word on what type of issue they had. The attached article from zero hedge gives some interesting insight to the fake markets we have [...]

Gold and Silver had very different paths today. Silver Silver seems to have had a bit of a blow off top and may have some more downside as per this chart from Dan Norcini, see here. It would seem the effect of yesterday’s CRIMEX margin adjustments up 9% and option expiry day took their toll. [...]

Gold and silver are certainly getting beaten up today, gold’s currently around $1498 and Silver is hovering just about $45. Remember that tomorrow is option expiry day and is usually very volatile. We should get back to our regularly scheduled program in a couple days, that’s been the trend for the past several months. Another [...]