Category: Economics & Investing

Welcome to SurvivalBlog’s Precious Metals Month in Review, where we take a look at “the month that was” in precious metals. Each month, we cover the price action of gold and silver and examine the “what” and “why” behind those numbers. Gold trickled down to yearly lows during the first half of the month before reversing direction and rallying back above $1,200/oz. The same was true for spot silver, which was stuck around $15.50/oz by mid-month before climbing back above $17/oz. The Platinum Group Metals (platinum and palladium) fared worse, as each fell through support early in the month and …

Santelli Stunned As Janet Yellen Admits “Cash Is Not A Store Of Value”. – B.B. o o o The Next Currency Set to Fail o o o Gold Effect on Mining & Shale Wasteland o o o CENTRAL BANKS LOSING CONTROL: Are The Seeds Of A Global Depression Sprouting? o o o Fears of a new global crash as debts and dollar’s value rise . – G.P. o o o Andorra on the brink of Europe’s next banking crisis. – G.G.

Northwest Territorial Mint has a special Silver pricing right now at only $0.75 over spot. This deal ends march 29. o o o Radio Shack (now bankrupt) just auctioned off your personal info in violation of its own Terms of Service.. – D.S. o o o Items from Mr. Econocobas: US GDP unrevised at 2.2 pct in Q4; corporate profits fall Another Oligarch Preaches To The Peasants: Charlie Munger Says “Prepare For Harder World” Peak Gold? Goldman Calculates There Is Only 20 Years Of Gold Supply Left– Take this with a grain of salt, but it’s worth taking a peek …

NUMBERS PROVE IT: The U.S. Oil Industry Is In Serious Trouble o o o What Kind Of Lipstick Will The Fed Put On It’s Pig Of A GDP? More QE? Steal More From Savers With Negative Rates? Audit & Close The Fed! o o o Forget Rig Counts And OPEC, Media Bias Is Driving Oil Down o o o Federal Reserve Rate Hike: Impatiently Patient

Philip Haslam: When Money Destroys NationsUnderstanding how currencies collapse. – G.G. o o o Michelle Obama travel expense update: Your tax dollars at work by Andrew Malcolm. – B.B. o o o Items from Mr. Econocobas: The Middle Class is Getting Smaller Price of Ground Beef Hits Record in February- Second straight record month Peter Schiff: Give’em the Old Razzle Dazzle How Cold Was It This Winter? So Cold That New Home Sales Hit A 7 Year Record! – This is an interesting break into the housing numbers.

Looking for a job near home? Good luck, it’s getting harder. – G.P. o o o Items from Mr. Econocobas: Video: David Stockman “Sooner Or Later We’ve Got To Get Off The Monetary Heroin C’mon Angela, Let Them Greexit Video: Peter Schiff won’t back down – ‘The dollar is going to crash, buy Gold’ Video: Fed Fisher Say’s Market is “hyper overpriced,”see’s a Major Correction – This is an interesting interview with Fmr Dallas Fed President.

In Italy, They’re Now Taxing Shadows. – A.D. o o o IMPORTANT GOLD CHART: Every Investor In The West Needs To See o o o The Grim Future of the American Worker. – D.S. o o o Items from Mr. Econocobas: Five Things to Watch on the Economic Calendar Greece Faces Decisive Week as Tsipras Is Set to Meet Merkel Fighting The “War on Terror” By Banning Cash – This is stretching my editorial bounds, but it is related to the economy and so I couldn’t pass this nonsense up. Video: Fox Business Interview: Washington Is Kicking-The-Can While Wearing A …

Wages growth is not accelerating for 80% of the USA population o o o Pink Slips: 100,000 Jobs Wiped Out Amid Oil Price Collapse: “Spreading Like Cancer”. – B.B. o o o Driving our way into financial poverty with six-year car loans: Once a minority, six-year or longer auto loans now make up one third of all new loans. o o o Natural Gas Prices To Crash Unless Rig Count Falls Fast

California gets $1bn emergency relief to stave off severe water shortage. – H.L. o o o This week’s Zerohedge reporting shows the rapid DEATH of the US dollar o o o Sears suppliers said to grow uneasy o o o Items from Mr. Econocobas: The Latest Flashing Red Light: Global Earnings Plunge Most Since Lehman

Irish Finance Minister Dumps Stocks to Buy Gold o o o The Latest Flashing Red Light: Global Earnings Plunge Most Since Lehman o o o Items from Mr. Econocobas: Brace for Recession Next Year – I’d be bracing for a bit more than that, but that recession is starting to come up in the mainstream is what’s pertinent here. The Fed Keeps Getting More and More Pessimistic The Shrinking Middle Class, Mapped State by State Russia’s Putin Calls for Regional Currency Union

The Best “Democracy” Money Can Buy: For Every Dollar Spent Influencing US Politics, Corporations Get $760 Back. – J.L. o o o Invest In Food o o o Items from Mr. Econocobas: Fed’s Rate Hike ‘Baby Steps’ Could Backfire – The author makes a valid point that most don’t consider, but he also apparently doesn’t understand that they can’t raise rates without pricking the bubble. How Low Can They Go? Central Bank Policy Easing in 2015 De-Dollarization Accelerates As More Of Washington’s “Allies” Defect To China-Led Bank The Unraveling Is Gathering Speed

U.S. Treasury Drops a Bombshell Yesterday: “Quicksilver Markets”. – P.K. o o o More QE= More money= More Debt= More Interest/Fee’s= More profit banks= More staff+bonuses= Bigger banks= Bigger fairy tales o o o Items from Mr. Econocobas: Goldman’s FOMC Post-Mortem – “More Dovish Than Expected” But Hike Coming In September– There is a lot of talk about bad things coming this fall. One thing is for sure, though; if any real rate hike did come in the fall, this economy that is built on cheap money would fall out of bed. Yellen Admits “Market Valuations Are On The High …

Last Time This Happened, Recession Followed… o o o 100,000 Layoffs and Counting: Is this the New Normal? o o o Items from Mr. Econocobas: Housing Starts Collapse in February– I wish the company tearing up the beautiful field behind my house to put in a neighborhood would read this. Five Things People Will Be Talking About Today – Just some quick tidbits, but China’s Shanghai Composite rising 70% in 12 months is staggering. Janet Yellen Wants to Be a Little Less Predictable – The word patient maybe dropped on Wednesday but I see a rise in rates almost as …

White House Floats Bankruptcy Process for Some Student Debt. – B.B. o o o Items from Mr. Econocobas: Currency Wars Threaten Lehman-Style Crisis – This is a good article from, of all places, the Telegraph If Economists Were Right, You Would Have a Raise by Now – It’s amazing to me how so many intelligent people just don’t understand what is happening… Why the Fed Is Setting Markets on a Hair-Trigger – It’s all about the Fed, data, and fundamentals only coming into play if it’s perceived it will affect how the Fed will react Big Question: Will the Federal …

15 large investment banks = nearly 90% of “notional amounts of all open derivative contracts”, trading assets of the ten largest banks summing up to > £5 trillion o o o Government Farming Subsidies Are A Pile Of Poo. – K. o o o The next bailout will be with student loans: White House takes first steps in allowing a bankruptcy option for student debt. $1.2 trillion in student debt outstanding. o o o The Real Problem Behind Low Oil Prices