In my father's house are many mansions. Surely one of them has a room with no elephants in it.... Not to crunch too many metaphors right here at the top, but a consensus seems to be firming up in the animate jello of the Internet that we have entered the Season ...read more

If we’re right about where the price of gold is headed, the general public will someday clamor to buy all things gold. While gold stocks will be where the real leverage is, the rush will start with gold itself. As a gold editor, I have a very natural question: is ...read more

Two charts and three measures of gold's "real" price today... GOLD'S CURRENT price-tag of $1,000 an ounce suggests big doubts over the US Dollar, its domestic economy, and its status as the world's No.1 reserve currency. Or so we guess after 10 years of watching it quadruple from two-decade lows. But gold ...read more

"Whether through exuberant hedgies or anxious private investors, gold just keeps pushing higher..." So speculative betting on gold going higher now equals a record-busting 752-tonne position in Comex futures and options, yet this is not a bubble according to Michael Pento of Deltaga. Let's say otherwise. Let's say that gold prices, surging ...read more

Inside sources have recently confirmed the Chinese government is actively promoting gold and silver investment to the masses. Some analysts now contend that China can no longer afford to let the gold or silver price slump. The rationale behind that contention is that with the Chinese government now telling the general ...read more

That’s a question that Westerners have been asking for, oh, several millennia now. Or at least since Marco Polo aimed his ponies down the old Silk Road in 1271. Now as then, China keeps its own counsel. We know what they want us to know, plus what we can surmise from ...read more

U.S. banks are going bad as quickly as a bunch of over-ripe peaches in the summer heat. On the heels of the Colonial Bank failure comes another sizable bank failure. Guaranty Bank in Texas became the 81st U.S. bank to fail this year. It was the 11th largest bank failure in ...read more

"If gold is 'past its day', what of toxic derivatives and today's deluge of US Treasury bonds...?" Just like poor Pip Dickens' Great Expectations, central banks keep inheriting unwelcome bequests. Today's "legacy assets" are toxic derivatives; a decade ago it was gold reserves. Both are proving hard to shrug off, but for ...read more

There’s a lot of Internet chatter these days about the possibility of the U.S. government seizing its citizens’ private gold holdings. What are the chances? Well, it’s always good to bear in mind that there is no telling what the government might do. It’s already doing things that were unthinkable just a ...read more

Those whom the gods would destroy are first granted stimulus. When a man wins the lottery, for example, it has a stimulating effect on everyone around him. He usually spends the money quickly - often even before he gets it. But no matter how much he wins, he is usually ...read more