In his latest must read presentation, Citigroup's Matt King continues to expose and mock the increasing helplessness and cluelessness of central bankers, something this website has done since 2009 knowing full well how it all ends (incidentally not in a deflationary whimper, quite the opposite).
Submitted by Axel Merk via Merk Investments,
Gold never changes; it's the world around it that does. Why is it that we see a renewed interest in gold now? And more importantly, should investors buy this precious metal?
Key attributes in a 'changing world' that may be relevant to the price of gold are fear and interest rates. Let's examine these:
Gold & Fear
Regular readers know Tim Leissner.
Leissner was the powerful Goldman banker responsible for financing Malaysian PM Najib Razak’s giant slush fund, known as 1MDB.
After yesterday's strong 2Year auction, there was some confusion how today's issue of $34 billion in 5 Year paper would transpire, especially after the previously reported "technical difficulties" which prevented the NY Fed from conducting today's MBS POMO - something that has not happened in years. Well, the results are in and the auction was an absolute blockbuster.
Submitted by Claire Bernish via TheAntiMedia.org,
An increasing number of politicians have joined the call for an audit of the Federal Reserve, including several presidential contenders - most surprisingly, Donald Trump.