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  1. Scorpio

    Investors Buy Gold ETFs at Record Pace

    Investors Buy Gold ETFs at Record Pace [Chart] Jeff Desjardins on March 4, 2016 at 10:56 am Investors Buy Gold ETFs at Record Pace February had $7.9B in Gold ETF inflows – and the miners aren’t doing too bad either. The Chart of the Week is a weekly Visual Capitalist feature on Fridays...
  2. Scorpio

    LIES, DAMN LIES, & BLS STATISTICS

    LIES, DAMN LIES, & BLS STATISTICS 33 comments Posted on 4th March 2016 by Administrator in Economy It’s my favorite day of the month. The Bureau of Lies & Scams issues their double seasonally adjusted, massaged to provide a happy ending, birth death adjusted unemployment propaganda, designed...
  3. Scorpio

    Goldman Sachs says this rally in commodities is just a mirage

    Goldman Sachs says this rally in commodities is just a mirage By Victor Reklaitis Published: Mar 8, 2016 9:15 a.m. ET Critical information ahead of the U.S. market’s open Getty Images It’s not for real! Pundits are marveling at the S&P’s five-day march higher and Brent crude back...
  4. Scorpio

    U.S. shale-oil output is still increasing in the Permian Basin

    U.S. shale-oil output is still increasing in the Permian Basin By Myra P. Saefong Published: Mar 8, 2016 2:07 p.m. ET Permian Basin is the ‘most prolific oil-producing area’ in the U.S. Getty Images The sun may be setting for U.S. shale-oil regions, but maybe not for the Permian...
  5. Scorpio

    Oil Presents The Same Old Riddle Only Start From The Middle

    Oil Presents The Same Old Riddle Only Start From The Middle Monday March 07, 2016 18:12 Many experts are suddenly touting the idea that the oil crash and long-standing route is dead and ready for burial. Certainly oil prices are acting as if that is true. At 3 o’clock in New York, West Texas...
  6. Scorpio

    China Boosts Gold Hoard by Smallest Amount Since at Least July

    China Boosts Gold Hoard by Smallest Amount Since at Least July Ranjeetha Pakiam March 7, 2016 — 3:40 AM CST China raised its central bank gold reserves by the smallest amount since the nation started disclosing monthly increases last year. The People’s Bank of China expanded holdings by 0.6...
  7. Scorpio

    Gold steady below 13-month high as upbeat U.S. jobs support Fed hike

    PRECIOUS-Gold steady below 13-month high as upbeat U.S. jobs support Fed hike * Expectations for March rate hike still low, aiding gold * Hedge funds cut bullish bets in COMEX gold (Updates prices) By Manolo Serapio Jr MANILA, March 7 Gold steadied below last week's 13-month high on Monday...
  8. Scorpio

    Astronomers just saw farther back in time than they ever have before

    Astronomers just saw farther back in time than they ever have before 1 / 19 The Washington Post Sarah Kaplan 4 hrs ago © NASA/ESA handout via Reuters Hubble Space Telescope image shows the Galaxy GN-z11, shown in the inset, 13.4 billion years away and as it was just 400 million years...
  9. Scorpio

    Why the U.S. stock market now has scary parallels to 1929

    Opinion: Why the U.S. stock market now has scary parallels to 1929 By Chuck Jaffe Published: Mar 4, 2016 5:08 a.m. ET Worst is yet to come for investors, strategist predicts Getty Images/Keystone/Staff Huge crowds outside the Sub Treasury Building (now Federal Hall National Memorial)...
  10. Scorpio

    Gold Snaps Back to Bull Market as Prices Surge on Haven Demand

    Gold Snaps Back to Bull Market as Prices Surge on Haven Demand Kevin Crowley CrowleyKev March 3, 2016 — 4:15 PM CST Updated on March 4, 2016 — 5:00 AM CST Gold cruised to a bull market, heedless of rebounding stock markets, as traders expect central banks to curb yields on other...
  11. Scorpio

    India just stunned the gold market

    India just stunned the gold market Dave Forest, OilPrice.coM Reuters/BabuAn employee displays gold models of elephants at the "Gem and Jewellery India International Exhibition 2013" (GJIIE) in the southern Indian city of Chennai I wrote a few weeks ago about record slowdowns in gold sales...
  12. Scorpio

    Chinese monetary bubble threatens to burst

    STAFF NEWS & ANALYSIS Chinese monetary bubble threatens to burst By Daily Bell Staff - February 29, 2016 Global finance officials promise to shore up sagging growth … Finance officials of the world’s biggest economies promised Saturday to use “all tools” to shore up sagging global growth and...
  13. Scorpio

    Silver Prices in Five Years?

    Silver Prices in Five Years? Posted on February 29, 2016 by Gary Christenson What will the price of silver be in 2021? You can find articles suggesting the price of silver will be over $1,000 and under $10. Perhaps this is the wrong question. A better approach: The global financial system...
  14. Scorpio

    Venezuela is about to revolutionize gold mining

    Venezuela is about to revolutionize gold mining Dave Forest, OilPrice.com Reuters/Henry Romero Back from a week in the wilds of Myanmar — more on that in Prime Meridians this coming weekend — to find a lot of action happening globally in both energy and mining. One story however, stands out...
  15. Scorpio

    February Demand For U.S. Gold Coins Up 236% From 2015

    February Demand For U.S. Gold Coins Up 236% From 2015 Tuesday March 01, 2016 14:04 (Kitco News) - Demand for U.S. gold and silver bullion coin sales took a bit of a dip last month, compared to January; however, sales are still dramatically higher compared to 2015. The latest sales data shows...
  16. Scorpio

    We just got another massive sign of how badly Saudi Arabia is suffering from the oil price crash

    We just got another massive sign of how badly Saudi Arabia is suffering from the oil price crash Will Martin Feb. 29, 2016, 9:07 AM REUTERS/Mohamed Al HwaityA man with Saudi Arabia's national flag in 2013 riding with a driver performing a stunt known as sidewall skiing as part of early...
  17. Scorpio

    Dry spell ate away at snowpack of drought-ridden California

    Dry spell ate away at snowpack of drought-ridden California Associated Press By ELLEN KNICKMEYER and RICH PEDRONCELLI, Associated Press 2 hrs ago ECHO SUMMIT, Calif. — An unwelcome three-week winter dry spell left the California snowpack at just 83 percent of average, a setback for...
  18. Scorpio

    New York judge rules in favor of Apple in earlier locked iPhone case

    New York judge rules in favor of Apple in earlier locked iPhone case Aaron Pressman,Yahoo Finance 2 hours 19 minutes ago While Apple (AAPL) and the FBI have been busy battling over a dead terrorist's passcode-locked iPhone in a case in California, a federal judge in New York on Monday ruled...
  19. Scorpio

    Government debt is the new subprime

    Opinion: Government debt is the new subprime By Jonathan Rochford Published: Feb 26, 2016 7:05 a.m. ET Without widespread austerity, a global debt crisis is a realistic possibility in the next five years AFP/Getty Images Don’t be so sure. Howard Marks of Oaktree Capital is one of the...
  20. Scorpio

    Gold up 1 pct, set for best month in four years

    PRECIOUS-Gold up 1 pct, set for best month in four years * Gold up 10.4 pct in February for biggest gain in four years * SPDR fund inflows touch one-year high (Updates throughout, changes dateline from SINGAPORE) By Clara Denina LONDON, Feb 29 Gold rose 1 percent on Monday, boosted by lower...