Submitted by Alasdair Macleod via GoldMoney.com,
It is commonly assumed that the gold price and interest rates move in opposite directions.
In other words, a tendency towards higher interest rates is accompanied by a lower gold price. Like all assumptions about prices, sometimes it is true and sometimes not.
Submitted by Brandon Smith via Alt-Market.com,
While we all very capable of discerning the 'recovery' facts from the peddled recovery fiction throughout President Obama's reign...
A Huge Leak
The “Panama Papers” tax haven leak is big …
After all, the Prime Minister of Iceland resigned over the leak, and investigations are taking place worldwide over the leak.
But Why Is It Mainly Focusing On Enemies of the West?
But the Panama Papers reporting mainly focuses on friends of Russia’s Putin, Assad’s Syria and others disfavored by the West.
Former British Ambassador Craig Murray notes:
Authored by Bill Bonner of Bonner & Partners (annotated by Acting-Man.com's Pater Tenebrarum),
Leaning Into the Wind
During our lifetime, three Fed chiefs have faced a similar challenge.
Each occupied the chairman’s seat at a time when “normalization” of interest rates was in order.