by Andrew Hoffman
Miles Franklin
It’s Saturday afternoon on the flight home from Ft. Lauderdale, following a wonderful day at the beach with my family – including my father, who has lived here since 2009. Thursday night’s Q&A event was a tremendous success – with 200 people attending, 500 participating in the interactive webcast, and Kerry Lutz doing a tremendous job hosting. To that end, the entire three-plus hour proceedings were uploaded here. And for those living in Houston and Chicago, we hope to see you at our upcoming events on May 20th (hosted by Daniel Ameduri of Future Money Trends) and June 24th, respectively – which you can register for by clicking here and here.
My grandfather was something of a Renaissance Man.
Another interesting week, in that the price of silver separated from the price of gold. The former went no nowhere, while the latter gained over 4.5%.
Ever since the Federal government took the U.S. off he gold standard in 1971, political and financial agencies have tried their best to program the American people to believe that gold has no monetary value. This of course was done to ensure trust and confidence in the fiat Federal Reserve Note, and to propagate the illusion that debt was money, which allowed for a continued expansion of both the currency and government spending.
SECRET vaults in London house one fifth of all the gold on the planet, with a staggering £172 billion worth of bullion tucked away under the capital’s streets.
China’s gold miners plan to extend the biggest buying spree in four years as the nation seeks greater clout in the global bullion industry. The prospect may be helping drive up the price of assets from Australia to the U.S.
In 1977 the Eagles spoke to us about “Hotel California.” Lyrics are 
The Bank of Japan (BOJ) has been propping up Japanese stocks through its voracious appetite for exchange traded funds (ETFs).
For as long as most gold and silver investors can remember, the paper markets — that is, banks and speculators placing bets with futures contracts — have set the price of those metals. And within the paper markets, “the commercials” — fabricators and big banks — have time-and-gain fooled speculators like hedge funds into piling in (both long and short) at exactly the wrong time.
Now that everyone has finally figured out that the only way to make money is to frontrun central banks – something we have been pounding the table on since mid-2009 when we said that the only two financial statements that matter are the Fed’s H.4.1 and H.3 – and not just central banks, but central banks who are now so intimately intertwined in capital markets that the moments they adjust one variable, they unleash a torrent of “reflexive” actions which promptly leads to a cascading effect across the markets and promptly undoes whatever it is that they want to do (Yellen’s recent failed attempt at hiking rates being the best example), we are glad to see that what was until recently yet another apocryphal “conspiracy theory” is the de facto norm.
The gold bullion or “hidden gold mine” of various nation’s gold reserves stored in the vaults beneath the Bank of England have been covered by the BBC:
The Third World War is currently being fought. How long before it moves into its hot stage?
The Dow Jones Industrial Average slid more than 100 points on Monday, eroding some of its modest gains from last week, as investors weighed a round of lackluster earnings and awaited policy decisions by the Bank of Japan and Federal Reserve later in the week.
The medical industry doesn’t want you to read this.
If you’re looking for trading advice, there are endless half-baked, half-assed, half-right gurus and strategists out there.
In the early 16th century, the Hunt-Lenox globe was drawn, showing uncharted (and presumably dangerous) areas marked with the warning: “HIC SVNT DRACONES” – “Here are Dragons.”
Insulting Mr. Erdogan Can Be Dangerous
Sign that the Bull Market Is finally over?
The saga of the so-called Charlotte bathroom ordinance — and the state of North Carolina’s response to it — has taken on a life of its own. At the national level leftists are accusing North Carolina of bigotry while, in the name of tolerance, a growing list of performers and businesses are boycotting the state. Unfortunately, what has gotten lost in all the rhetoric surrounding this issue is the truth about both the original Charlotte law and the state’s response to it.
Good Day… And a Marvelous Monday to you! Well, here I am back in the saddle at the office today… It seems very strange.. As If I’ve been gone for years! And then my Bloomberg had to be updated and new software added before I could even get going on writing! Sure I could have bagged it, and done it later, and just gone back to the way I did things while I was gone, but that’s not me, you know that! When there’s something to be done, I do it, and then worry about moving on… The Foundations greet me this morning with their song: Baby, Now That I’ve Found You… A great old song from the 60’s… I’m really running late now, because of all the “distractions”… My former desk comrades left a Welcome Back sign for me this morning, and there’s a stack of letters, and cards on my desk to read, so, I’ll be busy on my first day back in the saddle!
I have waited 60 years for this.
Dear F,