Today one of the top economists in the world spoke with King World News in the aftermath and turmoil of the Fed’s historic decision not to taper QE. He also lamented, “Isn’t it amazing that we gave an unelected entity this much power — the power to destroy the currency, and the middle class of…
Hua Xia Bank introduces five gold and silver coin ATMs in Beijing People in Beijing can now buy gold or silver coins via ATMs after the Beijing-based Hua Xia Bank introduced five of the machines earlier this month, according to Hong Kong-based Wenweipo. The bank installed the five machines at its branches across the city…
On Wednesday, gold (NYSEARCA:GLD) futures for December — the most active contract — declined $1.80 to close at $1,307.60 per ounce, while silver (NYSEARCA:SLV) futures fell 22 cents to finish at $21.56. However, both precious metals reversed losses once the Federal Open Market Committee released its long-awaited statement. That arm of the U.S. Federal Reserve, responsible for open market…
Published on Sep 18, 2013
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September 18, 2013/ Greg Simon The Fed did not taper, what a surprise, NOT! Maybe it was a surprise to the Wall Street muppets who thought the US economy is recovering or the plastic people on television reading their teleprompter. This decision today is confirmation QE will NEVER END. It can never end. If it does,…
By The Associated Press Gold had its biggest jump in more than four years Wednesday after the Federal Reserve surprised investors with a decision to keep its economic stimulus program in place. Gold surged $54.70, or 4 percent, to $1,364.10 an ounce in late trading Wednesday, the largest gain since January 2009. Silver jumped $1.24,…
“We are going to get to see how high the bond market can rally in the wake of no tightening, but most importantly, where it fails. That’s going to be the most interesting thing to see from a big, macro standpoint. Obviously from a positioning standpoint, people that have not believed in the Fed, and…
Sept. 18 (Bloomberg) — Federal Reserve Chairman Ben Bernanke discusses the committee’s decision to continue bond buying. (Source: Bloomberg)
In a new video, Mike Maloney explains how a person will be able to purchase a home for 500 ounces of silver or less in the future. I actually think silver will buy even more. Mike believes this will occur due to home valuations falling considerably as they re-balance from the huge bubble during the past decade.
In the video, Mike shows that even though the price of silver has fallen considerably from its high in May 2011 of nearly $50, it was only a correction building a base for a much higher move in the future.
Furthermore, Mike explores the Gold-Dow Ratio will head back towards the 1:1 ratio and even surpass it by only a half of an ounce of gold buying the Dow. Read the FULL ARTICLE on SRSrocco Report…..
As of 3:47pm est Gold Price: 1364.39 USD / oz Silver Price: 23.17 USD / oz G/S Ratio: 58.884
By: Peter Schiff Wednesday, September 18, 2013 The Fed’s failure today to announce some sort of tapering of its QE program, despite the consensus of an overwhelming percentage of economists who expected action, once again reveals the degree to which mainstream analysts have overestimated the strength of our current economy. The Fed understands, as the…
Folks, this announcement by Bernanke of no tapering today is extremely bullish for gold and silver. Silver spiked by $1.00, gold by $50.00 within minutes after the announcement. I believe this is LONG-TERM bullish for metal as the Fed today is basically admitting that the economic recovery is a sham. With Bernanke leaving and the…
