Archive - Oct 2015 - Blog entry

For a gold miner with dollar-denominated debt, the right thing to do is to hedge the gold price. It's interesting that at the LBMA conference in Vienna, a panel discussed the epic collapse of hedging. Why?

This trade has become blood-soaked.

His own best friend...

Things aren’t looking great for Harley Davidson. The Milwaukee-based fabricator of the iconic bikes just announced it will cut hundreds of jobs by the end of the year. 

The next round of the Crisis beckons. And this time around, the Fed’s hands are tied.

He's right ...

The weaker US dollar, the probability of near-zero interest rates for the remainder of the year and a seasonal increase in demand is underpinning the positive potential for gold.

In the early 2000’s, I began to advise friends and associates that much of the world would likely be entering a depression before the decade was out.

Taaaaarrrp! Now don't be tarnishing me knob yer lowly Keynesian picaroon...-Pirate Jamie

News That Matters

Free trade, as a matter of practicality, can only exist where all trade partners exist on a perfectly “level playing field”

This is why the system is heading for another, far larger crisis than 2008.

The LBMA wants to boost transparency and invited the market to suggest improvements including considering a new electronic platform that may lower trading costs and improve efficiency.

The dollar dropped about half a milligram gold, and 50mg silver.

But who wants to read about the universal currency falling, failing? Few people are so barbarous as to think of the dollar’s value as being priced in terms a monetary metal.

Mainstream Moron