• Sprott Money
    04/29/2016 - 05:58
    There is unfortunately no basis for renewed optimism that this current litigation will have any meaningful impact on precious metals manipulation – with respect to either silver or gold.

Wall Street Journal

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Central Bankers To The Masses: "Let Them Eat Rate"





A new generation of revolutionary central bankers must be called to arms for all of our sake. Their battle cry: We commit to never returning rates to zero or below again, to never let be money be free and forever ensure there is a true cost associated with borrowing. Release the markets to set interest rates now and forever! Will it work? Stranger things have been known to succeed in capitalistic economies with competitive and freely functioning markets.

 
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More Than Half Of Americans Agree With Trump: The Presidential Nominating System Is "Rigged"





For the past two weeks, Donald Trump has been on a tear, raging at how rigged the US presidential nominating system is. This is not a surprise to our readers: just two weeks ago we posted an article "The Year Americans Found Out Their Elections Are Rigged" which promptly went viral. And, judging by the Reuters/Ipsos poll, more than half of America agrees with Trump that the system U.S. political parties use to pick their candidates for the White House is "rigged" while more than two-thirds want to see the process changed.

 
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Semiconductors Tell The Real Story Of The Global Economic Slowdown





To gauge the degree and duration of the manufacturing slowdown, turn to semiconductors, which are the primary and early component in all things manufactured. That, plus other factors, make semiconductors an excellent leading indicator.

 
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While America Debates The $20 Bill, China Moves Closer To Gold





In spite of Ben Bernanke’s assurances to the contrary, it is clear that China still sees gold as money. Along with bolstering their gold holdings, China has reformed its banking system to be friendlier to gold trading.

 
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White Lies Matter





How bad is Hillary Clinton’s image? This bad...

 
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Why Goldman Expects The Japanese Yen To Collapse Within 12 Months





"We expect $/JPY to move higher again in the near term and continue to forecast $/JPY at 130 a year from now.... by making the fiscal expansion permanent and funded through money creation (a politically correct phrase for a form of 'helicopter money'), expectations of future inflation should increase and real rates fall"

 
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Dohaha, Slippery Oil Prices Laugh at Nearly Everyone





Irrational market exuberance hits its zenith after Doha talks fail as oil prices rise, instead of fall, because of minor Kuwait oil strike, then stay up after the strike fails within a day, then rise more when Saudis promise to retaliate with more production and stay up when Russians promise to retailiate with still more production.

 
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The Party Is Over: Regulators Propose To Cap, Defer And Clawback Wall Street Bonuses





Coming off a year in which Wall Street experienced the lowest average bonus since 2012, it now has to brace itself for new regulation on incentive compensation. One of the last pieces of Dodd-Frank to be written and implemented, regulators are looking to firm up the rules surrounding incentive pay for banks. The final regulation, once agreed upon, will not just apply to banks, it will also apply to investment advisers, broker dealers, credit unions, and executives at mortgage finance companies Fannie Mae and Freddie Mac according to the Wall Street Journal.

 
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Who Will Win The Next Five States: The "Presidential" Walk-Thru





Coming off big wins in New York this week, Donald Trump and Hillary Clinton look to move one step closer to the nomination next Tuesday as five states (Connecticut, Delaware, Maryland, Pennsylvania, Rhode Island) will be choosing their candidate.

 
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Keynesian Central Bankers - Wrong From The Beginning, But No One To Stop Them





"They really don’t know what they are doing. They never have. And nobody stops them."

 
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Why Stocks Rebounded Overnight: Goldman Expects BOJ To Double Its Equity Purchases As Soon As Next Week





"We think the BOJ is most likely to ease mainly via the qualitative measure, with increasing ETF purchasing the central pillar, with a view to improving business confidence. We think the market is already factoring in an increase in annual purchasing from ¥3.3 tn to ¥5-6 tn, and we thus think the BOJ may look to slightly more than double its current figure to around ¥7 tn." - Goldman

 
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"We Express Deep Apologies" - Mitsubishi Admits Rigging Emissions Test Data





It's all fun and games until someone is caught cheating. That is the lesson that Volkswagen learned last fall, when the German car manufacturer was caught using software that could detect when an emissions test was taking place in order to give better results. Today, it looks like Mitsubishi Motors will learn that very same lesson. "We express deep apologies to all of our customers and stakeholders for this issue," Mitsubishi said in a statement, also saying that the company "conducted testing improperly to present better fuel consumption rates than the actual rates."

 
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Why Negative Rates Are Positive For Gold





In the first 14 weeks of the New Year, gold rose 16%. The first quarter qualified as its best beginning year performance in 30 years (CNBC, E. Rosenbaum, 4/14/16). The reversal was prompted by stumbling stock markets and a series of sharply dovish turns from central banks around the world. Perhaps the main reason people buy gold is as a hedge against inflation. But uncertainty and fear contributed undoubtedly to gold’s stellar first quarter rise. But will it continue?

 
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Sam Zell Predicts Recession Next Year: "I'm Being Realistic, Not Pessimistic"





"If somebody needs a bell ringing to figure out that the [market] frothy right now, then I’m in the business of selling hearing aids..."

 
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