Can Western Central Banks Continue Capping Gold At $1350?

Can Western Central Banks Continue Capping Gold At $1350? By Dave Kranzler “Shanghai Gold will change the current gold market with its ‘consumed in the East but priced in the West’ arrangement. When China has the right to speak in the international gold market, the true price of gold will be revealed.” – Xu Luode, Chairman, Shanghai Gold Exchange, 15 May 2014 The price of gold has jumped 5.8% in a little over 3 weeks. This is a big move in a short period of time for any asset. Two…

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A Financial System Headed For A Collision With Debt

A Financial System Headed For A Collision With Debt By Dave Kranzler The retail sales report for December – delayed because of the Government shutdown – was released this morning. It showed the largest monthly drop since September 2009. Online sales plunged 3.9%, the steepest drop since November 2008. Not surprisingly, sporting goods/hobby/musical instruments/books plunged 4.9%. This is evidence that the average household has been forced to cut back discretionary spending to pay for food, shelter and debt service (mortgage, auto, credit card, student loans). I had to laugh when…

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Is Emerging Market Turmoil Deutsche Bank’s “Black Swan?”

Is Emerging Market Turmoil Deutsche Bank’s “Black Swan?” By Dave Kranzler Rising energy prices and collapsing emerging currencies are two developments that are not receiving much attention in the mainstream propaganda narrative. But either development which could end up “pulling the rug” out from underneath the markets. I pieced together the graphic below from an article on Zerohedge about the developing currency and debt crisis in emerging markets and, specifically, Latin America. This topic is not receiving much attention from the mainstream financial media. I guess facts that undermine the…

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