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...
45% of Americans pay no federal income tax
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.
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...
Gold the 'Superhero' May Shoot Up to $1,400: Top Forecaster
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
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...
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...
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...
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) -...
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...
What the shrinking amount of mortgage debt tells us about the housing market
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...
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...
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
The trader at the center of the “London Whale” trading...
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...
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...
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...
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.
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 email@example.com
The US coal mining industry is collapsing.
Consider this remarkable fact, from a new report by the Rhodium Group:
The four largest US...
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...
Russell Napier Forecasts Negative Rates in the US as Deflationary Pressures Spread
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...
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...