Just like clockwork, Spot Silver [1] is emerging from the regular summer doldrums. It is noteworthy that the physical market is now very far removed from the spot and futures markets. There is a huge shortage of silver coins and small bars, and dealers are commanding huge premiums above spot. With spot silver now around $15.60 per ounce, you will be lucky to find even generic one-ounce rounds selling for less than $22 each, and U.S. Mint American Eagles are a couple of dollars more.
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Record ATM Fees Rise Toward $5 [2]
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Jim Willie: Checkmate! [3] In an interview with Rick Wiles, in his characteristically blunt style, Jim Willie discusses Glencore and asserts that the Fed is creating$1 Trillion per month in hidden Quantitative Easing (QE) via oil market naked bond short reverse repos and related derivatives! (To see an explanation of this scheme n greater detail, read a piece that Willie wrote forMarket Oracle, back in late August: REPO Window Hidden$Trillion QE Monthly Volume [4].)
Items from The Economics Team:
The year-to-date layoff total of 493,431 is actually 2% more than all of 2014’s [5]
Deutsche Bank says S&P Should Trade at Half It’s Value without the Benefit of QE [6](Zero Hedge)
Wage Apocalypse: Typical Male Earned Less in 2014 than in 1973 [7](MyBudget360)
World’s Biggest Currency Trader Says Weak Jobs Means Weak Dollar [8] (Bloomberg Business)