Author Archive: GoldSilverWorlds

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The Sound Money Showdown in U.S. States

The Sound Money Showdown in U.S. States

Policies relating to sound money have been the subject of substantial debate at the state level this year, with bills, hearings, and/or votes taking place in nearly a dozen legislatures. As most state legislatures have now wrapped up their work for the year, let’s review the victories (both offensive and defensive)—and lone defeat—for sound money during the 2019 session. The Sound Money Defense League’s primary goal is to remove every kind of taxation imposed on constitutional money. Given its practical importance, the hottest issue in the states has been taxation—i.e. whether citizens should face a levy when buying or selling gold and silver. House Bill 2684, introduced by West Virginia […]

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After Fed Disappoints, Will Trump Initiate Currency Intervention?

After Fed Disappoints, Will Trump Initiate Currency Intervention?

Following months of cajoling by the White House, the Federal Reserve finally cut its benchmark interest rate. However, the reaction in equity and currency markets was not the one President Donald Trump wanted – or many traders anticipated. The Trump administration wants the Fed to help drive the fiat U.S. dollar lower versus foreign currencies, especially those of major exporting countries. Instead, the U.S. Dollar Index rallied throughout July ahead of the expected rate cut and continued rallying after Fed chairman Jerome Powell made it official on Wednesday. In fact, the Federal Reserve Note broke out to its highest level since early 2017. The Fed also announced it would end […]

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Like Jeffrey Epstein, Bullion Banks Get Sweet Deals from the Justice Department

Like Jeffrey Epstein, Bullion Banks Get Sweet Deals from the Justice Department

First, a bank’s commodities trading department takes metals investors for a ride like unwitting victims in the back of Jeffrey Epstein’s “Lolita Express.” Now federal prosecutors have extended the same sort of cozy non-prosecution agreement to shield the bank itself from a criminal indictment. Federal prosecutors signed a non-prosecution agreement in June with Merrill Lynch Commodities, Inc. (MLCI) and Bank of America (Merrill’s parent company) for rigging the precious metals markets. The U.S. Department of Justice (DOJ) found gold and silver traders working at Merrill Lynch had “schemed to deceive other market participants by injecting materially false and misleading information into the precious metals futures market.” The agreement references “thousands […]

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Athletes Who Have Invested in Crypto

Athletes Who Have Invested in Crypto

Author: Benjamin Lee From the NBA to the NFL and even boxing and MMA, cryptocurrency has begun to make its presence felt in the sporting world. What was once thought to be the purview of the underground has exploded onto the mainstream. With the way Bitcoin and other cryptos have been performing as of late, it should come as no surprise that athletes are looking to jump in on the game, paying attention to currencies but also to trading companies. Gael Monfils, French pro tennis player, has already given his eToro review and he is known to be a trader. Recently, waves were made when NFL Quarterback Matt Barkley tried […]

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Jp Cortez: Sound Money Movement Gains Momentum in the States

Jp Cortez: Sound Money Movement Gains Momentum in the States

Mike Gleason: It is my privilege, now, to welcome in Jp Cortez, with the Sound Money Defense League, a non-partisan national public policy organization working to restore sound money on the state and federal level. Jp is a proponent of, and has studied in the Austrian School of Economics, and his role at SMDL as policy director, has him regularly testifying at legislative hearings and speaking at various events throughout the country. His articles and analysis have appeared in many national news publications, including The Washington Examiner, Huffington Post, Mises Institute, Foundation for Economic Education, and more, and he’s a frequent guest on various podcasts and national radio shows to […]

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Trump Then and Now on Deficits: What a Difference 3 Years Make!

Trump Then and Now on Deficits:  What a Difference 3 Years Make!

As investors look ahead to a likely rate cut next week by the Federal Reserve, gold and silver markets have been consolidating their recent gains. A big move in metals markets could come after the Fed’s policy meeting next Wednesday. Of course, the magnitude and direction of the move will depend on what Chairman Jerome Powell and company do and say. Central bankers are under immense political pressure to lower interest rates and resume purchases of government bonds. A recent downturn in manufacturing and home sales data may well give them cover to roll out new stimulus even as the stock market sits near a record high. It remains to […]

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Race to the Bottom: What to Expect as the Fed Eases

Race to the Bottom: What to Expect as the Fed Eases

How low will they go? With the Federal Reserve all but certain to cut interest rates multiple times in the months ahead, central bankers are engaged in a race to the bottom. As negative interest rates expand in Japan and across Europe, as long-term bond yields in the U.S. plummet, and as President Donald Trump continues to talk tough on trade, the Fed has little choice but to cut. President Trump has effectively declared a currency war – and enlisted a reluctant Fed to help him fight it. He is convinced that lower interest rates will boost the economy and that a lower dollar will boost U.S. producers in international […]

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Financial Media Elite Defensively Bash “Useless” Gold

Financial Media Elite Defensively Bash “Useless” Gold

At least the Financial Times now has come clean about its hostility to gold – as well as to free markets and elementary journalism. Gold Anti-Trust Action Committee (GATA) friend Chris Kniel of Orinda, California, sent to the newspaper’s chief economic columnist, Martin Wolf, the excellent summary of gold and silver market manipulation just written by gold researcher Ronan Manly. Wolf replied derisively and dismissively: “This is a matter of absolutely no importance whatsoever. Who cares about the prices of useless metals?” Stunned by such a counterfactual assertion, Kniel prompted Wolf to elaborate, receiving this from the FT columnist: “I mean to dismiss the whole monetary history of gold. It […]

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Market outlook: what you really need to know about the stock market

Market outlook: what you really need to know about the stock market

Article provided by Troy at Bull Markets. If you read financial news & market analysis from pundits every day, it’s easy to be overwhelmed by countless charts, data, indicators, opinions, etc. In this post, I’m going to focus on what I think really matters for the stock market right now. A quick recap: Long term risk:reward does not favor bulls Fundamentals (next 6-9 months): favors bulls Technicals (next 6-9 months): favors bulls (i.e. late cycle rally) Short term: mixed/bearish Long term risk:reward It is extremely hard to predict the exact top of each bull market or exact bottom of each bear market. Sure, some people get lucky once or twice. […]

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Craig Hemke: Silver to Continue Lagging Gold, Will Struggle to Overcome $17

Craig Hemke: Silver to Continue Lagging Gold, Will Struggle to Overcome $17

Mike Gleason: It is my privilege now to welcome in Craig Hemke of the TF Metals Report. Craig is a well-known name in the metals industry, and runs one of the most highly-respected websites in our space, and provides some of the best analysis on the banking schemes, the flaws of Keynesian economics, and evidence of manipulation in the gold and silver markets that you will find anywhere. Craig, welcome back and thanks for joining us. How are you today? Craig Hemke: Mike, Happy Pet Rock Day. As we record this it’s July 17th, that is the four year anniversary of the infamous article written by Jason Zweig of the […]

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Monetary Metals Don’t Need a “Gold Standard” Proxy System

Monetary Metals Don’t Need a “Gold Standard” Proxy System

By Stefan Gleason, Money Metals Exchange President Trump moved recently to nominate an avowed sound money advocate, Judy Shelton, to the Federal Reserve Board. That triggered a flurry of superficial and derisive references in the controlled media to Shelton’s past support of a gold standard. For example, CBS News described her as “a believer in the return to the gold standard, a money policy abandoned by the U.S. in 1971.” According to the story, “mainstream economists believe it’s a fringe view.”  As the “mainstream” media portrays sound money advocates, we apparently are nostalgic for the monetary system that existed all the way up until 1971.  Being backward looking by nature, […]

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David Smith: Silver Has Already Gone from Weak to Strong Hands

David Smith: Silver Has Already Gone from Weak to  Strong Hands

Artwork for Fed Chair Powell and “Systemically Important” Banks Nervous about Gold MONEY METALS’ WEEKLY MARKET WRAP PODCAST Fed Chair Powell and “Systemically Important” Banks Nervous about Gold 30 00:00:00 / 00:25:11 30 Subscribe to This Show Download This Episode Embed This Player Share This Episode Mike Gleason: It is my privilege now to welcome back David Smith, Senior Analyst at The Morgan Report and regular contributor to MoneyMetals.com. David, thanks for coming on again and how are you, my friend? David Smith: Oh, very good. It’s great to be back again. Mike Gleason: Well, David, as we start out today, and before we get into silver and what’s going on with the white metal, let’s […]

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Federal Debt Ceiling Reached as Federal Spending Rages

Federal Debt Ceiling Reached as Federal Spending Rages

The federal government will soon run up against its self-imposed borrowing cap once again. Current estimates are for the government to max out its credit limit at a little over $22 trillion in early September. Congress goes on recess in August, so there is some pressure to address the cap right now. Treasury Secretary Steve Mnuchin has been fulfilling what seems to be the most sacred responsibility of his position: borrowing money. It’s one that each of his predecessors has also undertaken, without fail and without regard to party affiliation, in recent decades. He is solemnly arguing why it would be wholly irresponsible for Congress not to approve another massive […]

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The Hidden Reason Why Fed Chairman Powell and “Systemically Important” Banks Oppose a Gold Standard

The Hidden Reason Why Fed Chairman Powell and “Systemically Important” Banks Oppose a Gold Standard

By Mike Gleason, First Published on Sound Money Defense League Chairman Powell’s testimony this week was closely scrutinized not just for its economic implications but also for its political overtones. Powell cited “trade tensions” as cause for concern about the strength of the global economy. He clearly seemed to be blaming President Trump’s tariffs. But if the tariffs are what ultimately move the Fed to cut rates, Trump will have finally gotten what he wants out of Powell. In recent weeks, Trump has stepped up his attacks on the central bank, calling it the biggest problem facing the economy, floating the idea of firing Powell, and suggesting his administration would […]

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