Why the Job Recovery is a Farce. The Labor Force Participation Rates Among Various Age Groups Show Serious Weakness in the Labor Market. The main stream media has been trumpeting the wonderful state of the U.S. labor market. Superlatives like “Robust” “Buoyant” “Solid” “Strengthening” are used to describe the job market. But…. The Job Recovery … Read More →
The Shanghai Gold Exchange. The Shanghai Gold Exchange delivered 37.917 tonnes of gold through the week ended February 27, 2015. The Shanghai Gold Exchange has delivered about 412 tonnes of gold to date in 2015. Volume of Physical Gold Delivered on the Shanghai Gold Exchange Remains at Record Pace in 2015. The Shanghai Gold Exchange … Read More →
Ten Reasons the Real Estate Market WON’T Go Ballistic This Spring The podcast ends with a critique of a recent Fortune article titled “Ten Reasons the Real Estate Market Could Go Ballistic This Spring” (see below) Podcast Summary Introduction: 0:00-3:58 What’s Next for the Fed? 3:58-7:36 The Fed has chatted the dollar higher with all … Read More →
Silver and Gold Sales at the Perth Mint in February 2015. Silver sales were flat at the Perth Mint in February year over year. Gold sales were down 32% at the Perth Mint in February year over year. Silver Sales at the Perth Mint in February 2015 Sales of silver at the Perth Mint were … Read More →
Silver and Gold Sales at the U.S. Mint in February 2015 February sales of 3,022,000 American Silver Eagles bring the year to date sales to 8,552,000 ahead of 2014’s record pace. Sales of one ounce American Gold Eagle sales were down sharply in February to 12,500 from 51,500 in January. U.S. Mint Sold 241.76 times … Read More →
HP Fires 55,000 Employees, Buys Back Shares Jewlett Packard’s actions illustrates an unintended consequence of artificially low interest rates. Companies get a better return on investment buying back shares than hiring employees or investing in capital equipment. Buying back a company’s own shares is so attractive, it even makes sense to fire employees and reinvest … Read More →
The Stock Market and the Inflated/Spun Real Estate Market and Job Numbers The false economic recovery story is based on a rising stock market and positively spun poor housing and jobs data. The media’s spins bad economic data by using words and phrases like “lofty” “robust” “accelerating” and “strengthening” to describe the tepid job and … Read More →
The Shanghai Gold Exchange. The Shanghai Gold Exchange delivered 59.12 tonnes of gold during the week ended February 13, 2015. The Shanghai Gold Exchange has delivered nearly 375 tonnes of gold to date in 2015. Volume of Physical Gold Delivered on the Shanghai Gold Exchange Has Averaged over 60 tonnes a Week in 2015. The … Read More →
Russian Gold Purchases in January 2015. Russia Reduces its U.S. Treasury Holdings to $86 billion in December 2014 from $108.1 billion in November. Russian Gold Reserves Russia adds no further ounces of gold to its reserves in January. Russia ends January 2015 with 38.8 million ounces (1,207 tons) of gold in reserves – same as … Read More →
How Much is a Year of Global Silver Mining Production Worth? The Size of Silver Market The Dollar Value of the Annual Global Silver Mining Production J.P. Morgan has paid far more in fines than the value of the annual global silver mining production. How much would it cost to buy all of 2014’s record … Read More →
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