Will Gold Reach $2.6 MILLION or Just $150,000
Last week, we were again reminded of the global instability and disequilibrium. In the UK, the conservative Prime Minister Theresa May decided 9 weeks ago to call an election. This was done due to the conservatives being 20 percentage points ahead of their Labour rivals in the opinion polls which would have led to a strong backing for the Brexit negotiations… (Continue to full article)
Is there gold “hype” and is gold an emotional trade?
Very little hype in gold– Sentiment is important in the gold market as is other markets particularly stocks– Article ignores the large body of research showing gold is safe haven asset– Gold may struggle to breach $1,300 in short term– Trading gold and short term speculation is high risk and for professionals– Important for investors to focus… (Continue to full article)
Retail Sales Dive (And It’s Not Just Autos)
Retail sales took a 0.3 percent dive in May vs an Econoday expectation of a 0.1 percent rise.Weakness was across the board. It must be transitory because the Fed hikes this afternoon.Consumer spending was unusually weak in the first quarter and doesn’t look to be improving this quarter. Retail sales fell 0.3 percent in May vs Econoday’s consensus… (Continue to full article)
When the Fed Tightens, It Leads to Financial “Events”
The Fed concludes its June meeting today. The Fed fund futures markets put the odds of the Fed hiking rates again at 99.6%.This would mark the third rate hike by the Fed during this cycle.Why would this matter?Because it indicates the Fed is embarked on a serious tightening cycle. One rate hike can be a fluke. Two rate hikes could even be just policy… (Continue to full article)
Inside the New York Fed’s Gold Vault
National Geographic goes to 33 Liberty Street in New York City to visit the Federal Reserve’s gold vault, home to about one-quarter of the world’s gold. Beginning at about the 3 minute mark, you get to see what one tonne of gold looks like, another reminder of just how dense the metal is.About half-way through this segment, they visit the New York… (Continue to full article)
The strange secret history of Operation Goldfinger
An excerpt published in The New Yorker magazine from James Ledbetter’s new book, “One Nation Under Gold,” describes the efforts of the U.S. government in the late 1960s to facilitate gold production without increasing the official gold price of $35 per ounce. The excerpt may be most remarkable for showing that once… (Continue to full article)
Bitcoin flash crash makes mockery of ridiculous claims that Bitcoin is a “store of value”
It’s only been a few years since cryptocurrencies like bitcoin first began taking the world by storm, offering what many people see as a more secure financial alternative to fiat currencies like the dollar. But the almost 20 percent bitcoin “flash” crash that recently took place just days ago on June 12 suggests that this may not actually be the case, and that relying on bitcoin as some kind of miracle store of value is more than a bit misguided… (Continue to full article)
Bitcoin wallet COINBASE now seizing accounts of Americans
The popular online Bitcoin wallet Coinbase has been routinely seizing accounts of users in Hawaii and Wyoming, effectively “stealing” their Bitcoins by locking them out of their accounts… (Continue to full article)
If you bought $100 of bitcoin 7 years ago, you’d be sitting on $75 million now
Or maybe a BIT less now. SO? Who the hell knew??? (Continue to full article)
The mystery of the Gold Certificates
How many of these $100,000 Gold Certificates were issued by our Treasury exclusively for the private Federal Reserve banking cartel following the confiscation of this gold from the people? How many have already been redeemed for our Treasury gold bullion? Or, are these certificate claims being double counted by both Treasury and the Fed? … (Continue to full article)
No More Free Lunch
President Lyndon Johnson unleashed “the Great Society” on America. It treated welfare as a right and created a culture of dependency. Expanded benefits encouraged illegitimacy, discouraged education, punished work and undermined families. Entire communities suffered as families dissolved and values deteriorated… (Continue to full article)
The answer to the title question is simply: “Why Not?” A series of columns and commentary showing the history and importance of the ownership of ‘specie.’ History has proven that gold IS the answer. (Continue to full article)
Chet Baker: Softly, as in a Morning Sunrise
One of Chet Baker’s earliest breaks came in the early ’50s, when Charlie Parker selected him to play some West Coast gigs. Baker, a vocalist, flugelhorn player and piano player – in addition to being a trumpet player – would be associated with such acts as Gerry Mulligan.
Written by Oscar Hammerstein and Sigmund Romberg for the operetta “The New Moon,” 1928’s “Softly, As in a Morning Sunrise” was originally conceived as a faster-paced tango. But over the years jazz artists have adopted it as their own, usually cooling the tempo a bit.
Life, Liberty & All That Jazz is now heard at 1:00 p.m. (Eastern Time) for TWO-HOURS, each Monday through Friday on The Micro Effect.
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