Analysts at influential investment banks are finally coming around to realizing the driving forces for gold and leading indicators are signalling renewed strength in the yellow metal. Read the rest of this entry »

By Doug Casey, Casey Research

In an interview with Louis James, the inimitable Doug Casey throws cold water on those celebrating the economic recovery.

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The manager of the world’s largest bond fund, the Total Return Fund at PIMCO, Bill Gross, bashes the bullish prospects of bonds while simultaneously predicting QE3 and QE4. Read the rest of this entry »

Jim Grant, editor of Grant’s Interest Rate Observer, gave a couple excellent interviews this week that all should watch (the full video interviews are available at the bottom of the post). Let’s go over the main topics of discussion: Read the rest of this entry »

Full statement from the Federal Open Market Committee (FOMC): Read the rest of this entry »

As many investors realize there are very few places to run from depreciating money given the overall flattish yield curve and historically low interest rates, alternative investments are entering the spotlight. With a persistent inflation rate, money must travel in search of a yield to avoid withering away, yet the present lack of positive real interest rates has made this task near impossible. There is only one asset class that naturally benefits from this environment and this explains why it has outperformed all its competitors. The asset class in reference is precious commodities, and understanding why the competition is weak is key to understanding why rare commodity prices will remain strong and why its the only answer to where money should go at present. Read the rest of this entry »

Doctor, Congressmen, and Presidential hopeful Ron Paul today educated the Federal Reserve Chairman Ben Bernanke in his semi-annual monetary policy hearing today on precious metals, purchasing power and currency. Read the rest of this entry »

An astonishing, shocking development was revealed today in the Federal Reserve Chairman Ben Bernanke’s semi-annual monetary policy hearing before Congress. Fed watchers were treated to an amazing display of ignorance on the part of the head of the nation’s most powerful institution. Bernanke showed that he had no clue about billions worth of Fed holdings and proved entirely unsure over whether or not a particular asset existed at all within the Fed: physical gold. Read the rest of this entry »

Today, Federal Reserve Chairman Ben Bernanke delivered his semi-annual monetary policy testimony before Congress’ Financial Service Committee and precious metal prices declined throughout the question and answers section. Gold prices fell today to $1,725/oz and silver to $35/oz.

Firstly, it’s worth noting that gold and silver have already had very appreciable gains in 2012, including earlier this week, and even with today’s decline still both metals remain significantly in the green year to date. That said, today’s declines are noteworthy and its worth investigating the source of these price moves. Read the rest of this entry »

…and possibly does not realize he is doing it.

In his monthly investment outlook, Bill Gross, manager of the world’s largest hedge fund, explains the nature and financial consequences of monetary policy. To the surprise of many, Gross does so in a strikingly Austrian manner. Read the rest of this entry »