Monthly Archives: December 2014

Gold Held In NY Fed Vault Drops To Lowest In 21st Century After Biggest Monthly Withdrawal Since 2001

Exactly one month ago we observed that, as expected in the aftermath of the Netherlands’ shocking and still not fully-explained gold repatriation from the NY Fed, the amount of foreign earmarked gold on deposit with the Fed had just experienced a 42 ton withdrawal: the single largest outflow of gold held at the NY Fed Read More

U.S. Gold Exports Jump 70% In September – US Determined to Impoverish Itself with Paper Money

According to the USGS most recent data, total U.S. gold exports increased significantly in September. Not only did U.S. gold exports surge in September, they were 70% higher than the previous month. From the SRSRocco Report: This was probably due to increased demand as the price of gold declined $80 during the month. U.S. exports Read More

The Fed is Heading for Another Catastrophe – Roach

With so much dry kindling, it will not take much to spark the next conflagration. By Stephen Roach NEW HAVEN, Conn. (Project Syndicate) – America’s Federal Reserve is headed down a familiar — and highly dangerous — path. Steeped in denial of its past mistakes, the Fed is pursuing the same incremental approach that helped Read More

China To Launch Yuan Swap Trading With Russian Rubles On Monday

The world was slow to wake up to the new reality in which China is now the de facto IMF sovereign backstop, as Zero Hedge described two weeks ago in “China Prepares To Bailout Russia” when we noted that a PBOC swap-line was meant to reduce the role of the US dollar if China and Read More

Paul Craig Roberts Stunning 2015 Predictions – At Any Time The West Can Collapse

Today King World News spoke with the man who former President Ronald Reagan called upon to help save the United States when the U.S. was in the midst of the 1980 panic. Dr. Paul Craig Roberts gives a portion of his fascinating predictions for 2015 below and also issued the ominous warning that the West Read More

Just What Is China Buying?

Something strange is going on in China. On one hand, as the chart below shows, China’s trade surplus is growing and growing, and just hit record highs. In other words, China is – on paper – receiving record amounts of foreign currencies in exchange for its (mostly) goods exports. That much is clear in the Read More

The Market Gage December 19, 2014 – Equity Market Like FOMC Statement

“The Market Gage” features insights into the precious metals market from Roy Friedman. Roy has over 30 years of in-depth experience in all facets of precious metals. The rather “friendly” FOMC statement and subsequent press conference that Chair Yellen held Wednesday afternoon certainly gave no immediate signs that interest rates are moving higher in Q1 Read More

IMF Now Ready To Slam The Door On The U.S. And The Dollar

Editor’s Note: Owning physical precious metals and safeguarding them in a non-bank depository is best defense. By Brandon Smith As I write this, the news is saturated with stories of a hostage situation possibly involving Islamic militants in Sydney, Australia. Like many, I am concerned about the shockwave such an event will create through our Read More

China Prepares To Bailout Russia – East Continues to Break Away from West

Earlier this evening China’s State Administration of Foreign Exchange’s (SAFE) Wang Yungui noted “the impact of the Russian Ruble depreciation was unclear yet, and, as Bloomberg reported, “SAFE is closely watching Ruble’s depreciation and encouraging companies to hedge Ruble risks.” His comments also echoed the ongoing FX reform agenda aimed at increasing Yuan flexibility which Read More