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gold forum

  1. Scorpio

    Commerzbank: Gold Premium Over Platinum Hits Record

    Commerzbank: Gold Premium Over Platinum Hits Record Wednesday February 24, 2016 10:35 Gold continues to outperform platinum and silver as the yellow metal benefits from safe-haven flows in 2016, says Commerzbank. The gold/silver ratio has climbed to over 80, its highest level since December...
  2. Scorpio

    45% of Americans pay no federal income tax

    45% of Americans pay no federal income tax MarketWatch By Catey Hill 26 mins ago 77.5 million households do not pay federal individual income tax. Many Americans don’t have to worry about giving Uncle Sam part of their hard-earned cash for their income taxes this year. An estimated...
  3. Scorpio

    Fed's George Urges FOMC to Keep March on the Table for Rate Hike

    Fed's George Urges FOMC to Keep March on the Table for Rate Hike Steve Matthews SteveMatthews12 February 23, 2016 — 3:42 PM CST Federal Reserve policy makers should be prepared to consider raising interest rates in March despite recent financial market volatility, said Kansas City Fed...
  4. Scorpio

    Gold the 'Superhero' May Shoot Up to $1,400: Top Forecaster

    Gold the 'Superhero' May Shoot Up to $1,400: Top Forecaster Ranjeetha Pakiam February 23, 2016 — 7:03 PM CST Updated on February 24, 2016 — 6:03 AM CST OCBC's Gan says bullion may surge should risk aversion jump Price seen at $1,000-$1,150 year-end as Fed will still tighten Gold may...
  5. Scorpio

    Gold holds gains above $1,230/oz as investors seek shelter

    PRECIOUS-Gold holds gains above $1,230/oz as investors seek shelter * Gold steadies after 1.5 pct gain on Tuesday * ETF inflows support gold rally * European and Asia shares fall for second day (Updates throughout, changes dateline from SINGAPORE) By Clara Denina LONDON, Feb 24 Gold prices...
  6. Scorpio

    Modern Military

    Just heard someone talking about the number of applicants rejected for admission to the armed forces has now increased to over 70%. the rejection reasons were health, education ie stupidity, and other. Supposedly the vast majority was stupidity. to which we can all ask, wtf? It is your...
  7. Scorpio

    1 in 4 Americans on verge of financial ruin

    1 in 4 Americans on verge of financial ruin By Catey Hill Published: Feb 23, 2016 5:31 a.m. ET Shutterstock.com / VGstockstudio The rich keep getting richer. The rest of us aren’t so lucky. According to a survey released Tuesday by Bankrate.com of more than 1,000 adults, nearly one in four...
  8. Scorpio

    Sea level rising at fastest pace in 2,800 years: study

    Sea level rising at fastest pace in 2,800 years: study 6 hours ago Sea levels rose globally by about 5.5 inches (14 centimeters) from 1900 to 2000, said the study led by Rutgers University, published in Proceedings of the National Academy of Sciences (AFP Photo/Fred Tanneau) Miami (AFP) -...
  9. Scorpio

    Trump and Carrier

    By now most should have heard that Carrier Air Conditioning is closing their US plants and moving all production to mehico, Not a peep out of oatsama, the great union president, the great working class president, not a fookin' word, Anyway, Trump came on and blasted them. Said no problem, do...
  10. Scorpio

    What the shrinking amount of mortgage debt tells us about the housing market

    What the shrinking amount of mortgage debt tells us about the housing market MarketWatch By Andrea Riquier 23 hrs ago Shadows from the financial crisis and Great Recession still linger in Americans’ personal finances, researchers at the New York Fed found. Mortgage debt outstanding...
  11. Scorpio

    Important development

    We have been thru the demand charts showing the exiting of etf's from the metals markets, this shows a reversal of that trend. Positive development. Commerzbank: Two-Day Inflow Into Gold ETFs Most Since 2010 Tuesday February 23, 2016 09:21 Gold continues to flow into exchange-traded funds at a...
  12. Scorpio

    J.P. Morgan’s ‘London Whale’ spouts off: ‘For no good reason, I was singled out’

    J.P. Morgan’s ‘London Whale’ spouts off: ‘For no good reason, I was singled out’ By Lucy McNulty and Gregory Zuckerman Published: Feb 23, 2016 9:32 a.m. ET Trader Bruno Iksil breaks nearly four years of silence AFP/Getty Images The trader at the center of the “London Whale” trading...
  13. Scorpio

    The robots are coming for jobs that pay $20 an hour or less, White House finds

    The robots are coming for jobs that pay $20 an hour or less, White House finds By Steve Goldstein Published: Feb 23, 2016 6:42 a.m. ET It’s intuitive that automation will take low-wage jobs. But the White House, in its annual economic report of the president, has broken down just how much...
  14. Scorpio

    Long-Term Gold Bulls Need To Bide Their Time And Be Patient

    Long-Term Gold Bulls Need To Bide Their Time And Be Patient Monday February 22, 2016 10:15 (Kitco News) - Global stocks are rallying and the U.S. dollar is posting solid gains. In the short-term, gold is being held hostage to outside market dynamics and the risk-off attitude has triggered...
  15. Scorpio

    As U.S. shale sinks, pipeline fight sends woes downstream

    As U.S. shale sinks, pipeline fight sends woes downstream By Tom Hals 16 minutes ago A pump jack stands idle in Dewitt County, Texas January 13, 2016. REUTERS/Anna Driver By Tom Hals WILMINGTON, Del. (Reuters) - Within weeks, two low-profile legal disputes may determine whether an...
  16. Scorpio

    IEA warns consumers of spike in oil prices

    IEA warns consumers of spike in oil prices The International Energy Agency (IEA) is warning consumers not to let cheap oil lull them into a false sense of security amid forecasts of a price spike by 2021. In a report, the IEA said it expects prices to start recovering in 2017. But it...
  17. Scorpio

    The US coal industry is falling apart. Here's the surprising reason why.

    The US coal industry is falling apart. Here's the surprising reason why. Updated by David Roberts on February 22, 2016, 10:00 a.m. ET @drvox david@vox.com The US coal mining industry is collapsing. Consider this remarkable fact, from a new report by the Rhodium Group: The four largest US...
  18. Scorpio

    The Walking Dead: Something is Rotten in the Banking System

    The Walking Dead: Something is Rotten in the Banking System February 12th, 2016 Pater Tenebrarum: A Curious Collapse – Ever since the ECB has begun to implement its assorted money printing programs in recent years – lately culminating in an outright QE program involving government bonds...
  19. Scorpio

    Russell Napier Forecasts Negative Rates in the US as Deflationary Pressures Spread

    Russell Napier Forecasts Negative Rates in the US as Deflationary Pressures Spread FS Staff02/17/2016 Russell Napier, author of Anatomy of the Bear and co-Founder of the Electronic Research Interchange (or ERIC), explains why he sees further deflation and deleveraging moving forward, and why he...
  20. Scorpio

    Denny Hamlin edges Martin Truex Jr. by inches to win Daytona 500

    Denny Hamlin edges Martin Truex Jr. by inches to win Daytona 500 8:51 PM ET DAYTONA BEACH, Fla. -- When he was in second grade, Denny Hamlin wrote a letter to himself wishing for a Daytona 500 victory. His childlike cursive stated he wanted to win the race in 1998. Hamlin had to wait...