The expression, “gold bug,†has two meanings. In politics, a gold bug is someone who favors the gold standard. The phrase was first used in the election of 1896 to indicate the supporters of William McKinley, who favored the gold standard, as opposed to the...
The One-handed Economist took a new position in its letter of Sept. 17, 2010 shifting its commodity holdings from gold to silver. Another change of position is in a special bulletin issued Nov. 10, 2010. However, since this is so recent, in order to learn the contents...
Above is a chart of the price of silver over the past 10 years showing the move from $4/oz. to $26/oz. We call to the attention of Ben Bernanke that silver has been going up. Prices going up are not “deflation.†Www.bloomberg.com reported: “The U.S. central...
Above we see the last two month’s price action for silver. I recommended that subscribers switch from gold contracts (on the Comex) to silver contracts on Sept. 17. Since that time, silver is up 18%. Over the same period, gold advanced by 6%. What is going on here?...
This past weekend the Group of 20 nations met to discuss the value of their currencies. These discussions are being called “wars†in the general media because, although there is no actual shooting or dropping of bombs, each nation approached them with the attitude...
The events of the past few months have been dominated by the decision of the Federal Reserve to undertake a further, massive easing. Since the emphasis will not be on lowering interest rates (because they are effectively zero), it is being called a quantitative easing...