"They Are Scared To Death" - CEO Explains The Single Biggest Reason Why People Are Buying Precious Metals

We can talk about technical charts, supply and demand fundamentals, and price manipulation, all of which point to significant increases in the value of gold and silver for the foreseeable future. But according to Golden Arrow Resources CEO Joseph Grosso, who is credited with the discovery of the largest silver deposit in history, the single biggest reason that retail investors, institutional players and governments around the world are gobbling up physical precious metals, resource stocks and ETF’s at unprecedented levels is that they are scared to death of the state of the global economy and where it will go next...

Traders Stumped By Sudden Flash Crash In Chinese H Shares

Just around 2:14am local time (2am EDT), Asian traders were surprised to observe in the Chinese market something which until recently had been a purely development market phenomenon: a flash crash. A sudden plunge by Chinese stocks in Hong Kong had traders scrambling to find a trigger for the slump that coincided with a surge in futures volumes.

Barbara Boxer Meltdown Exposes Deep Divisions In Democratic Party

"Let's hear it for Hillary Clinton," exclaimed Sen. Barbara Boxer, losing her cool after Bernie Sanders' supporters "bullied" her at the Nevada Democratic convention on Saturday. As BizPacreview reports, Boxer took the Las Vegas stage to raucous boos as her attempt to unify what is obviously as deeply divided a Democratic party as the mainstream would have everyone believe the Republican party is. "I'm for Hillary Clinton and she's for all of us,” she yelled. "Keep on booing and boo yourselves out of this election."

The Endgame

There is a growing fear in financial and monetary circles that there is something deeply wrong with the global economy. Publicly, officials and practitioners alike have become confused by policy failures, and privately, occasionally even downright pessimistic, at a loss to see a statist solution. It is hardly exaggerating to say there is a growing feeling of impending doom. In short, growing evidence of price inflation and stagnant production can be expected to materially increase the risk of a global banking and currency meltdown. The best escape-route is ownership of anything other than purely financial assets and fiat currency deposits. No wonder the price of gold, which is the soundest of moneys, appears to have entered a new bull market.

Satyajit Das Is "Astonished Investors Haven't Raised Pitchforks At Policy-Makers"

"They’re going to have to stop people from taking out cash... I would argue that it’s not going to be able to be dealt with, and it creates enormous social and political pressures… What we’re going to see is a period of financial repression, which is very, very dangerous... I honestly don’t know how it’s going to end. In the 1920s and 1930 when similar pressures built up, it didn’t actually have a very good ending."

Sprott Money's picture

Those who internationalize are like a surfer who is surfing several beaches at the same time, picking the best waves to try to ride, then backing out of each prior to its inevitable crash. This diversification offers considerably greater opportunity for the investor than he could ever achieve in any one jurisdiction.

The Inevitability Of Unintended Consequences

Why central planning efforts will ultimately backfire - Anyone involved with managing projects, people or systems knows that the only thing that can be planned with absolute certainty is that things will never go 100% according to plan. History is full of examples where governments' best-laid plans failed in spectacular fashion, exacerbating the very problems they were intending to solve. Here are a few of our favorites...

Global Stocks Slide As Dollar Continues Rising: Has The "Pricing In" Of Trump Begun

While there was no unexpected overnight central bank announcement unlike yesterday's surprise by the RBA which unleashed volatility havoc in the FX market, which promptly spilled over into all asset classes, overnight stocks around the world saw another leg lower without a tangible catalyst, while EM currencies fell to a one-month low after two Fed presidents raised concern investors had become too complacent in their belief that U.S. interest rate raises will stay on hold. Or perhaps all that is happening is that after ignoring Trump, the market is starting to finally price in the possible reality of the Donald in the White House (although as Jeff Gundlach pointed out, Trump would be a far better president for the economy and the market than Hillary or Bernie).

Ted Cruz Explodes In Epic Anti-Trump Rant: "He Is Utterly Amoral, Narcissist, Philandering, Pathological Liar"

"I’m going to do something I haven’t done the entire campaign. I’m going to tell you what I really think of Donald Trump. This man is a pathological liar. He doesn't know the difference between truth and lies. He lies practically every word that comes out of his mouth. And in a pattern that I think is straight out of a psychology text book, his response is to accuse everybody else of lying."