A Monday Morning Musing from Mickey the Mercenary GeologistContact@MercenaryGeologist.comThe usually suspect gold bugs and perma-bulls have been quite noisy over the last few weeks trying to convince bullion traders and stock speculators that the price of gold and ergo, the market capitalization of gold stocks are on the verge of a big break-out to the upside. And the unholy believers amongst th...Read More

Although the broad averages have risen sharply in each of the last three sessions, none of these short-squeeze lollapaloozas has recouped the even bigger losses sustained earlier in the day. Do we detect a pattern here? The biztainment media seem to wax enthusiastic whenever stocks trampoline off some ugly low like Tuesday's. But we shouldn't lose sight of the fact that if the three-steps-down,...Read More

Weaker Asian currencies have resulted in gold and silver prices not falling by much. As long as the physical gold price in India does not fall below Rs.30500 per ten grams for 22carat purity, downside risk will be limited. I do not foresee the physical gold price falling below Rs.30500 per ten grams for 22carat purity till Diwali. The Indian rupee has to gain against the US dollar significantly...Read More

By Ira EpsteinSilver's chart still ok?https://iraepstein.com/ Read More

The comments below are an edited and abridged synopsis of an article by Adam TaggartAs the Fed kicked off its second round of QE in the aftermath of the Great Financial Crisis, hedge fund manager David Tepper predicted that nearly all assets would rise tremendously in response."The Fed just announced: We want economic growth, and we don't care if there's inflation... have they ever said that befor...Read More

VIENNA (Reuters) - OPEC, which has lost Chinese market share to U.S. oil producers, should in theory view a tariff spat between Beijing and Washington as a boon.But while OPEC can sell more oil to China as a result of import tariffs on U.S. crude, in the long term the trade dispute could hit economic growth and oil demand, OPEC officials and oil executives said.“In the long term, this will h...Read More

The comments below are an edited and abridged synopsis of an article by Andy SuttonWashington's stranglehold over financial markets can be partially explained by the fact that all oil exports are conducted in US dollars. This relationship between oil and currency gives the dollar its value, as this paradigm requires all exporting and importing countries to maintain a stock of US dollars.An endless...Read More

David Stockman appears on "After the Bell" (Fox Business Network, June 20, 2018)David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of David Stockman's Contra Corner, and he...Read More

(Reuters) - Starbucks Corp (SBUX.O) shares fell more than 8 percent on Wednesday after a disappointing sales forecast from the U.S. coffee chain prompted Wall Street analysts to question the sustainability of its growth at home and in its next biggest market, China.Several analysts downgraded their ratings and cut their 12-month targets on Starbucks’ stock, after the company on Tuesday forec...Read More

The latest news and price moves to start the Asian day on Thursday June 21.Zinc prices on the London Metal Exchange settled at their lowest level in nine months at the close of trading on Wednesday June 20, while copper prices continued to edge lower on a surging United States dollar index. Read more in our live futures report.Here are how prices looked at the close of trading:The Europe...Read More

The comments below are an edited and abridged synopsis of an article by John RubinoOil prices are up over the past year, which is bad if you're a developing country that imports a lot of oil. But the US dollar (the petrodollar) is also up, which compounds the problem because oil is priced in dollars. Brazil, for instance, finds itself buying an appreciating necessity that's priced in an appreciati...Read More

From a former Wall Street insider and author of All the Presidents' Bankers, a searing expos?(C) of the collusion between public and private banks as they seek to control global markets and dictate economic policy. Central banks and institutions like the IMF and the World Bank are overstepping the boundaries of their mandates by using the flow of money to control global markets and dictate economi...Read More

The comments below are an edited and abridged synopsis of an article by Hugo Salinas PriceThe problem of the world's monetary system, based on the paper dollar as the fundamental currency of the world, is called Triffin's Dilemma.If the dollar is required by all central banks as reserves, there is only one way that these banks can obtain them: They must sell more to the US than they buy from the U...Read More

"It's pretty obvious to anyone that we are in this parabolic Ponzi scheme. The debt is now increasing globally at such an exponential rate that, at some point, it becomes unserviceable. Then, at that point, you get this reset they've been talking about."Known primarily by his nickname "Turd Ferguson," Craig Hemke is the founder and editor of the popular TF Metals Report blog and podcast, covering...Read More

The comments below are an edited and abridged synopsis of an article by Egon von GreyerzGlobal debt is out of control, and stocks are only rising due to money printing. The worst crash in history is coming, says Von Greyerz.As fear takes hold of markets and the global financial system, the flight to safety will start. There will be few safe assets. Stocks and bonds will crash, and so will property...Read More

PARIS (Reuters) - The head of Boeing (BA.N) jetliner sales said on Wednesday he was confident a new mid-market jet could enter service in 2025.Ihssane Mounir, senior vice-president for commercial sales and marketing at Boeing, also said his company was holding advanced talks with Brazil’s planemaker Embraer (EMBR3.SA) to set up a new company focused on commercial aviation.(This version of th...Read More

SINTRA, Portugal, June 20 (Reuters) - A “deflationary mindset” that has taken hold in Japan will take time to dispel, the country’s central bank governor Haruhiko Kuroda said on Wednesday.“The deflationary mindset that has become entrenched amongst people is quite tenacious and it will take time to completely dispel this mindset,” Kuroda told a European Central Bank c...Read More

The comments below are an edited and abridged synopsis of an article by Dave KranzlerWas gold dumped last Friday? Perhaps paper gold was, but not physical gold.The Comex is a futures contract trading venue. While its vault operators issue daily reports that allege the presence of 100-oz gold bars in custody, we have no idea if those bars are physically in the vaults or whether there are any encumb...Read More

The United States has twice as many operating mines owned by publicly-traded companies than any other country, according to data from Mining Intelligence.As of this month there are 845 operating mines in the U.S., giving it 20% of the world's total.Russia is second with 408. Canada ranked eighth with just 167 operating mines.Mines considered in the survey had the following criteria:Mines are owned...Read More

Citigroup has issued a press release back in March stating that it will penalize banking clients who engage in gun sales even though they comply with federal,Continue...Read More