Ross Hansen – The Man From The Mint Is Following The Yellow Brick Road

from Financial Survival Network Ross Hansen heads up the largest privately owned mint in North America. Last… [more]

Ross Hansen – The Man From The Mint Is Following The Yellow Brick Road Ross Hansen - The Man From The Mint Is Following The Yellow Brick Road

Bill Holter – Report on Greenspan’s Legacy Tour

from Financial Survival Network Bill Holter of Miles Franklin was fortunate to be at the New Orleans… [more]

Bill Holter – Report on Greenspan’s Legacy Tour Bill Holter - Report on Greenspan's Legacy Tour

Carter Andress – Contractor Combatant

from Financial Survival Network After Carter Andress had a stint in the military, he was ready for… [more]

Carter Andress – Contractor Combatant Carter Andress - Contractor Combatant

Dennis Miller – Keep Paying Those Premiums… You’ll Be Cashing In Soon

from Financial Survival Network We caught up with Dennis Miller today. It's been 9 years since… [more]

Dennis Miller – Keep Paying Those Premiums… You’ll Be Cashing In Soon Dennis Miller - Keep Paying Those Premiums... You'll Be Cashing In Soon

Steve Lord – Bitcoin Bubble: Not So Fast!

from Financial Survival Network Steve Lord is editor-in-chief of the Modern Money Letter. Bitcoin… [more]

Steve Lord – Bitcoin Bubble: Not So Fast! Steve Lord - Bitcoin Bubble: Not So Fast!

Eric Hadik – We Are at The End of a 40 Year Cycle

from Financial Survival Network Eric S. Hadik is a trader & analyst who has been intimately involved… [more]

Eric Hadik – We Are at The End of a 40 Year Cycle Eric Hadik - We Are at The End of a 40 Year Cycle

Reid Rasmussen – Fighting The High Cost of Healthcare

from Financial Survival Network Reid Rasmussen is about helping small businesses and individuals… [more]

Reid Rasmussen – Fighting The High Cost of Healthcare Reid Rasmussen - Fighting The High Cost of Healthcare

Ross Hansen – The Man From The Mint Is Following The Yellow Brick Road

from Financial Survival Network

Ross Hansen heads up the largest privately owned mint in North America.

Last year business was down, but he’s unconcerned and undeterred. While most of the populace buys into the meme that prosperity is just around the corner, Ross looks at hard data like the labor participation rate and sees another story, a country in decline.

In the end, a debased currency means gold is the place to be. And you take that to the mint!

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Bill Holter – Report on Greenspan’s Legacy Tour

from Financial Survival Network

Bill Holter of Miles Franklin was fortunate to be at the New Orleans Money Show where he got to hear the Maestro former Fed Chief Alan Greenspan speak.

Of course the economic crisis that we find ourselves in now wasn’t his fault at all. Blame Congress, Fannie and Freddie, but not Alan. He also reported on a debate between GATA’s Chris Powell and Doug Casey about precious metals manipulation. Doug believes there isn’t any.

Gambling’s going in Las Vegas, we’re shocked!

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The Federal Reserve: Impressive, Majestic, Success

from DayTradeShow

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The Latest Updates from Martin Armstrong – 2014.10.31

by Martin Armstrong
Armstrong Economics

Are Americans Ignorant or victims of Yellow Journalism?

Deflation – What is the Cause? PUBLIC or PRIVATE?

Japan Pensions lowering Debt moving to Stocks

From Capitol Hill Glen Downs & Armstrong on Elections Next Week

Crowd Walks out on Obama

Continue Reading at ArmstrongEconomics.com…

China’s Gold Strategy

by Alasdair Macleod
Gold Money

China first delegated the management of gold policy to the People’s Bank by regulations in 1983.

This development was central to China’s emergence as a free-market economy following the post-Mao reforms in 1979/82. At that time the west was doing its best to suppress gold to enhance confidence in paper currencies, releasing large quantities of bullion for others to buy. This is why the timing is important: it was an opportunity for China, a one-billion population country in the throes of rapid economic modernisation, to diversify growing trade surpluses from the dollar.

To my knowledge this subject has not been properly addressed by any private-sector analysts, which might explain why it is commonly thought that China’s gold policy is a more recent development, and why even industry specialists show so little understanding of the true position.

Continue Reading at GoldMoney.com…

The Latest Updates from The Daily Bell – 2014.10.31

from The Daily Bell

China’s Bigness Has Little to Do With Growth – Or Its Demise by Staff News & Analysis

Ephemeral Explanations Drive Gold’s Reality by Staff News & Analysis

Can Commerce Inspire? by Tibor Machan

QE: The Fed Acts Decisively … Or Not by Staff News & Analysis

Continue Reading at TheDailyBell.com…

59.7 Tonnes of Gold Withdrawn from the Shanghai Gold Exchange on October 24

by Ed Steer
Ed Steer’s Gold & Silver Daily, Casey Research

Yesterday In Gold & Silver

The gold price wasn’t allowed to do much in early Far East trading on their Thursday—and developed a negative bias around 1 p.m. Hong Kong time—and by the time JPMorgan et al were through, with the low tick coming at 11:30 a.m. EDT, they had gold down around fifteen bucks from it’s Thursday close. It recovered a few dollars off that low by noon, but then chopped sideways for the remainder of New York trading session.

The high and low tick were recorded as $1,216.50 and $1,195.50 in the December contract.

Gold closed yesterday at $1,198.80 spot, down $12.80 from Thursday’s close. Net volume was very high at 195,000 contracts.

Continue Reading at CaseyResearch.com…

The Latest Updates from Karl Denninger – 2014.10.31

by Karl Denninger
Market-Ticker.org

And Now, The Reality of That CS Degree

But I Thought It Worked?

BOO!

I Don’t Care….

Continue Reading at Market-Ticker.org…

WGC Reports ‘Calm Consolidation’ in Gold Investment Demand

by Research Desk
The Real Asset Co

The World Gold Council (WGC) has released the Gold Demand Trends for the second quarter of 2014. We bring you the highlights of this latest report.

Central bank gold demand

The thing that always grabs the attention of the research team here at The Real Asset Company is the active buying by central banks. This is particularly interesting at the moment given the upcoming vote in Switzerland regarding the country’s gold reserves.

Central banks’ net-buying totaled 117.8 tonnes of gold in quarter 2. Their half-yearly demand has averaged 236 tonnes since the beginning of 2011.

Continue Reading at TheRealAsset.co.uk…

Deflation: Good, Bad – and Turning Ugly

Falling prices aren’t always to be celebrated – and the global financial crisis remains unsolved

by Jeremy Warner
Telegraph.co.uk

Filling up the car with diesel the other week, I was pleased to discover something which – at least for someone of my generation – still feels very unusual; the price had gone down – again. And it’s not just fuel. It’s food, it’s clothing, it’s laptops, it’s air fares and much else. Indeed, were it not for the ever mounting costs associated with housing, including rents and utility bills, the CPI inflation rate for the UK last month would have been just 0.8 per cent. The picture for shop prices looks even more dramatic; according to the British Retail Consortium, non food price deflation on the high street accelerated to 3.2 per cent in September.

For those of us who spent our formative years in the inflationary 1970s and 1980s, this is an unfamiliar, even alien world. Back then, the big economic challenge was double-digit inflation, which Britain in particular seemed perennially prone to. Interest rates were repeatedly raised and lowered to cope, entrenching a pattern of economic boom and bust that was devastating for industry. It was not until the Great Moderation of the Nineties and early Noughties that the UK was able to kick the habit.

Continue Reading at Telegraph.co.uk…

Gold Falls, Stocks Record Highs as Japan Goes ‘Weimar’, “Here Be Dragons”

by Mark O’Byrne
GoldCore

Stocks globally surged, while gold fell sharply today despite renewed irrational exuberance on hopes that the Bank of Japan’s vastly increasing money printing will fill some of the gaps left by the apparent end of Federal Reserve bond buying.

[...] The BOJ decided to increase the pace at which it expands base money to a whopping 80 trillion yen ($726 billion) per year. Previously, the BOJ targeted an annual increase of 60 to 70 trillion yen.

The BOJ sailed into deeper uncharted monetary territory with the announcement that they would triple annual purchases of exchange-traded funds (ETFs) and Japanese real-estate investment trusts (REITS) to 3 trillion yen and 90 billion yen respectively.

Continue Reading at GoldGore.com…

Financial Repression Authority – Gordon T. Long with Nick Barisheff

from GordonTLong

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Shocking Bank Of Japan Trick And QE Boosting Treat Sends Futures To Record High

from Zero Hedge

Two days ago, when QE ended and knowing that the market is vastly overstimating the likelihood of a full-blown ECB public debt QE, we tweeted the following: “It’s all up to the BOJ now.” Little did we know how right we would be just 48 hours later. Because as previously reported, the reason why this morning futures are about to surpass record highs is because while the rest of the world was sleeping, the BOJ shocked the world with a decision to boost QE, announcing it would monetize JPY80 trillion in JGBs, up from the JPY60-70 trillion currently and expand the universe of eligible for monetization securities. A decision which will forever be known in FX folklore as the great Halloween Yen-long massacre.

Continue Reading at ZeroHedge.com…

Investors Give Away Money to Congress: The Yield Curve

by Gary North
LewRockwell.com

I begin with a chart. This tracks the yield curve for U.S. Treasury debt. The curve is the interest rate that investors are paid to turn their money over the the Treasury, meaning to Congress.

[...] This curve looks very steep. It is very steep. But take a closer look at it. The top rate is just above 3%. This is for 30-year T-bonds. This means that investors trust the U.S. Congress to to the right thing for the next 30 years. A net return of 3% (before taxes) for 30 years is seen as a wise investment. After federal taxes, top-bracket investors will receive 1.8% on their money — less, if we factor in state income taxes. This assumes that Congress will not raise taxes.

This means that the smartest investors on earth think that the best deal they can get on their money is 1.8%, denominated in U.S. dollars.

Continue Reading at LewRockwell.com…

New Home Sales Are Tanking

by David Kranzler
Investment Research Dynamics

RealtyTrac’s data shows that sales of lower priced houses, those most likely to be first-time purchases, have “fallen through the floor. It’s the clearest demonstration of a first-time buyer affordability gap.” And without first-time buyers there will be no buyers able to move to their second home and so on up the tiers. (Link)

Mortgage purchase applications dropped 5% week over week two weeks in a row, for the latest week’s report (Oct 24). Bloomberg was uncharacteristically spin-free in its assessment: The big drop this month in mortgage rates has yet to raise demand for purchase applications which, in the October 24 week, fell a sharp 5.0 percent for the second straight week. And the trend for purchase applications is suddenly moving lower with the year-on-year rate now at minus 15 percent.

Continue Reading at InvestmentResearchDynamics.com…

The Morgan Report – November 2014

from silver investor.com

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Why that Economy of Ours Feels so Crummy

by Wolf Richter
Wolf Street

That the economy grew at a “faster than expected” annual rate of 3.5% in the third quarter has been touted as a sign that now – finally, after years of false promises – it is reaching that ever elusive “escape velocity.” But instantly, people with keen eyes began to quibble with it.

One big factor was military spending, which spiked 16%, the fasted since Q2 2009. This rate is based on the increase from the second quarter that is then annualized, assuming that spending wound continue at this rate for a year. This type of quarter-to-quarter annualized rate is volatile.

Continue Reading at WolfStreet.com…