Spectacular Chinese Gold Demand Fully Denied By GFMS And Mainstream Media

Gold investors around the world continue to be fooled about Chinese gold demand. For some reason GFMS is restrained in disclosing that any individual or institution in China can directly buy and withdraw gold at the Shanghai Gold Exchange, which is the most significant reason for the discrepancy in question. According to calculations, true Chinese gold demand in 2015 must have been north of 2,250 tonnes.

S&P Futures Unchanged As Europe Rises; Dollar Slide Sends Oil Above $47

In the latest quiet trading session, European shares rose while Asian stocks fell and S&P futures were little changed. Minutes of the Fed’s last meeting damped prospects for a U.S. interest-rate hike, sending the Bloomberg Dollar Spot Index doen 0.3%, approaching a three-month low. Dollar weakness continues to buoy commodities, with the Bloomberg Commodity Index set for the most enduring rally in more than two months, as WTI flirted with $47

Venezuela's Oil Crisis Is Opening Old Wounds With Colombia

Last week, Venezuelans lined up at their westerly border to visit Colombia for just a few hours and buy the essential everyday supplies once offered to them at low, subsidized prices by their prosperous socialist government. But, as oil prices slowly and steadily recover, will this model of brotherly cooperation prove to be sustainable in the long run?

Why An OPEC Production Cap Is Unlikely

The initial reaction to the announcement of the September OPEC meeting is premature, however. There are several reasons why it is unlikely any action will be taken by OPEC at the meeting to restrain output. Nevertheless, continued speculation prior to the meeting in late September will likely hold oil prices above $40 per barrel for now.

A Post Western World? A Disturbing Interview With Prof. Harry Redner - Part 2

The political and economic issues broadly discussed in the media usually revolve around political cycles, terrorism, foreign policy, rising debt levels, sluggish economic performance, academic underachievement, environmental problems, ageing demographics and so forth. In our view, this all ties into a major cycle of history that has been with us for some time, and which has been gaining traction since the 1990s: the end of "Western Civilization" and the transition towards a globalized society.

Frontrunning: August 9

  • Search for yield drives stocks higher, pound falls vs dollar (Reuters)
  • China's slowing wholesale deflation takes pressure off central bank (Reuters)
  • Rajan Holds India Rates in Final Move as Inflation Quickens (BBG)
  • Brent above $45 on U.S. inventories, producer action speculation (Reuters)
  • Republican national security experts: Trump would be 'dangerous' president (Reuters)

Moscow, Beijing, & Washington: A Complicated Triangle

The aspirations to global dominance of the American deep state have resulted in pushing China and Russia to adopt a comprehensive shared strategy in which they place at the center of their relations common interests rather than differences. The maneuvers towards de-dollarization are already being conducted. This for Washington is an existential threat that can hardly be ignored. Equally improbable is the possibility of America halting this drift.

Stunning Images From America's Most Important Aquifer

If history is any guide, warnings regarding excessive global groundwater depletion will not result in any material change in consumption behavior until it's too late. What happens after that is anyone's guess but there is a saying in California that "whiskey is for drinking and water is for fighting"...we suspect that's not too far off.