Gold is down 10% year-to-date and although it hasn't been a straight decline, there's no question in which direction it is trending. In fact, the prospects are so bad for gold prices in the short term that the only thing the bears are arguing about these days is what is the biggest reason that gold is going to continue to drop.
Some point to the upcoming Fed rate hike and the downward pressure it's going to exert on the gold price. Others point to the general deflationary spiral in commodities across the board and say gold will be dragged down with it. And even though mining exploration budgets are being slashed right now, Erik Norland of CME Group argues that mine oversupply is still baked into the cake for at least another 5 years.
Of course, whether or not this is bad news all depends on your investment horizon. If you have a nest egg in gold that you want to convert into dollars in the near term, you will be feeling the pain of the fall back from the 2009 peak price. But if you are hanging on to your gold for the longer term there are still many reasons to think that the investment will be worth it.
Firstly, this is a buyer's market, an...
The strategy is remarkably simple. Provoke an attack, stage an attack, allow an attack to happen or simply capitalize on a spontaneous attack. Use the public's own outrage to push through draconian new legislation, all the while pretending to be the savior.
France is a nation in mourning. But perhaps the French people can reserve at least some of their outrage for the government which has used their own tax money to fund, supply and support the terrorists they are now at war with.
Without mass education on this subject, it is unlikely that such massive protests can derail this TPP deal. Given the amount of time, money and energy the multinationals have sunk into the negotiation of this agreement, it's not going down without a fight.
While this kind of eye-popping, record-setting art sale isn't particularly important in isolation, the overall trend in the art market is a reflection of much bigger forces at work in the economy.
China is not alone in its prospect of facing a demographic winter scenario of an aging (and eventually shrinking) population. In fact, the latest world population data shows that a majority of the nations on the planet now have a total fertility rate below the replacement rate of 2.1 children per couple...
You see, the same researchers who can’t even accurately say whether the Antarctic ice sheets are gaining or losing mass are able to determine global sea level rise to within hundredths of a millimeter.
Economics is the realm of white markets: legal and lawful everyday exchanges in the above ground economy. Counter-economics is everything else: black market and grey market activity either specifically outlawed by the state or not licensed or approved by it.
...look for a flurry of eye-popping, toe-tapping Communist Party propaganda to unleash that on the public in the weeks following the plenum.
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The creator of the International Forecaster, Bob Chapman.