Congressman Prods Attorney General on Gold, Silver Trading Questions Ignored by CFTC

Congressman Prods Attorney General on Gold, Silver Trading Questions Ignored by CFTC By Chris Powell A U.S. representative who has been pressing the Treasury Department, Federal Reserve, and Commodity Futures Trading Commission (CFTC) with questions about the gold and silver markets has asked Attorney General William P. Barr to try intervene and get answers from the commission. In a letter dated November 1 and made public today, the U.S. representative, Alex W. Mooney, Republican of West Virginia, commends Barr for the Justice Department’s recent criminal prosecution of manipulation in the…

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Sound Money Scholarship Winners Announced — 7 Outstanding Thinkers Earn Nearly $10,000 in Tuition Assistance

Sound Money Scholarship Winners Announced — 7 Outstanding Thinkers Earn Nearly $10,000 in Tuition Assistance Eagle, ID (November 5, 2019) – Seven outstanding students beat out over 100 of their high-school and college peers in making the best case for sound money through an international, gold-backed scholarship competition… …and the winners walked away with almost $10,000 in scholarship awards for their exceptional, thought-provoking essays. For the fourth-straight year, Money Metals Exchange, the national precious-metals dealer that was recently ranked “Best in the USA,” has teamed up with the Sound Money Defense…

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Fed’s Own Forecasts Again Dead Wrong as QE4 Accelerates

Fed’s Own Forecasts Again Dead Wrong as QE4 Accelerates By Mike Gleason Precious metals markets enter November’s trading with bulls eying a potential year-end rally. Gold and silver prices did manage to post gains on Wednesday and Thursday after the Federal Reserve announced a quarter point rate cut. But the Fed followed up its move with language suggesting interest rate policy is now on pause. News Anchor #1: The Federal Reserve cut the benchmark rate by a quarter of a percentage point. It’s now at 1.5% to 1.75%. The rate…

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Three Things You Didn’t Know About The Crash of 1929

Three Things You Didn’t Know About The Crash of 1929 By Simon Black, Sovereign Man October 28, 1929– 90 years ago today– is known as ‘Black Monday’ in financial circles. The US stock market had peaked the previous month, on September 3, 1929, with the Dow Jones stock index reaching a record high of 381. But throughout September and October, nervous investors began pulling their money out of the market. And over a three-day period in late October (including Black Monday), the market lost more than 30% of its value.…

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The Fed’s “Not QE” Is Morphing into “QE4ever”

The Fed’s “Not QE” Is Morphing into “QE4ever” By Mike Gleason Another week, another new and expanded repo market intervention by the Federal Reserve. On Thursday, the Federal Reserve Bank of New York intervened twice with fresh liquidity injections. Fed officials raised their offerings for overnight repos up from $75 billion to a staggering $120 billion. This comes on top of the $60 billion per month in Treasury bill purchases that will extend well into next year and possibly beyond. Over the past month alone, the Fed’s balance sheet has…

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3 Steps to Save America From Economic Collapse

3 Steps to Save America From Economic Collapse By George Gilder [Editor’s Note: The following article has been adapted from the book The Scandal of Money, written by George Gilder and originally published in 2016.] I am more convinced than ever that if we ever again are going to have sound money it will not come from government. It will be issued by private enterprise. Liberal economist Friedrich Hayek said that in 1977. Yet it rings more true today than ever before. Our Federal Reserve System, which gives twelve bankers…

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Central Bank Issues Stunning Warning: “If The Entire System Collapses, Gold Will Be Needed To Start Over”

Central Bank Issues Stunning Warning: “If The Entire System Collapses, Gold Will Be Needed To Start Over” By Tyler Durden It’s not just “tinfoil blogs” who (for the past 11 years) have been warning that a monetary reset is inevitable and the only viable fallback option once trust and faith in fiat is lost is a gold standard (something which even Mark Carney hinted at recently): central banks are joining the doom parade now too. An article published by the De Nederlandsche Bank (DNB), or Dutch Central Bank, has shocked…

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Silver Eyes Fourth Quarter Rebound

Silver Eyes Fourth Quarter Rebound By Stefan Gleason Precious metals markets enter the often favorable fourth quarter trading season with the potential to reinvigorate their major uptrends. Despite posting impressive gains in the third quarter, gold and (especially) silver finished it on a downbeat note. On Monday, sellers smashed silver spot prices down 3.6% to test the $17.00/oz. level. The disappointing finish to the month and the quarter does raise the possibility that momentum selling could continue to drag prices lower in the near term. However, quarter-end profit taking and…

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Class Action Lawsuits May Eventually Result in Damages Paid Out to Cheated Metals Investors

Class Action Lawsuits May Eventually Result in Damages Paid Out to Cheated Metals Investors By Clint Siegner Gold and silver investors have been watching the Department of Justice investigation of criminal price rigging at JPMorgan Chase and other bullion banks carefully. Several crooked traders have pled guilty to “spoofing” the markets and more have been indicted. The DOJ has even suggested the banks have been engaged in racketeering. Prosecutors may use RICO laws designed for taking down organized crime syndicates to prosecute these shady Wall Street firms. The banks’ problems…

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CANCEL YOUR DINNER PLANS: Gold Goes NUTS!

CANCEL YOUR DINNER PLANS: Gold Goes NUTS! This is a critical update from one of the best financial commentators I know, a good friend of ours, Mr. Tom Beck, who runs PortfolioWealthGlobal.com and we’re excited to share this one with you! Never have I seen the managed money – the hedge funds, considered to be the smart money, those that have access to all the data, those that have the resources to research and turn every stone – so FEARFUL of a recession, without there even being one at all. In the…

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