Earlier today, it was my distinct pleasure to join Bill Murphy, Rick Rule and David Morgan for a live roundtable and Q&A forum on Philip Kennedy's website. The discussion focused upon the precious metals with a particular emphasis on silver. If you can find the time, you should be sure to...
In yesterday's podcast, we discussed the idea that global turmoil would lead to a continued surge in bond prices which, in turn, would drive another breakout in CDG and CDS. Up until about 6:00 am EDT, it looked like we were well on our way.
For months, we've discussed the price target area of $1480-1520. And now, here we are...a few weeks ahead of schedule, actually. Regardless, the price action over the past few days makes it clear that The Banks understand the importance of this level, too.
As expected, prices are back down today after the PBOC pegged the yuan mostly unchanged and just a hair above 7 last evening. But as we discussed in yesterday's podcast, let's see what this evening brings and then get ready for an important weekly close tomorrow.
Early Wednesday evening, I had the opportunity to visit again with my old friend, Dunagan Kaiser, of Reluctant Preppers. Given the timely nature of the discussion, I'm grateful to Dunagan for his quick turnaround in getting the video posted.
It was a crazy overnight and the madness has extended into the US trading day. Comex precious metal prices are soaring so we need to take time to assess where we are and what to watch for in the hours and days ahead.
Today's action actually began last evening when the PBOC set their...