We all knew it was coming and now it has finally been confirmed that the Senate’s favorite Socialist will introduce legislation later this week calling for a $15 federal minimum wage. The pending release of the bill was confirmed earlier today by Bloomberg’s Josh Eidelson. Apparently co-sponsored by fellow liberals, Senator Murray, Keith Ellison, Bobby […]

In February 2017 while preparing for a presentation in Gothenburg about central bank gold, I emailed Sweden’s central bank, the Riksbank, enquiring whether the Riksbank physically audits Sweden’s gold and whether it would provide me with a gold bar weight list of Sweden’s gold reserves (gold bar holdings). The Swedish official gold reserves are significant and […]

Even as OPEC signaled that it may continue to restrict production during the second half of 2017 oil prices fell by more than 7% last week, their worst decline in about a month…so why did oil prices fall, and why are oil ETFs among the worst-performers this year?  Written by Sumit Roy (ETF.com) …Key OPEC sources […]

The mainstream narrative as it relates to Chinese money is “tightening.” Having survived the economic downturn last year, we are to believe that the PBOC is once again on bubble duty. They raised their reverse repo rates, considered to be their policy benchmarks, three times up to mid-March. The central bank also increased the rate […]

The US Dollar dropped right down to the 200-day. Where next? The decline off the late 2016 high is so choppy that it makes me think the next big move is higher, not lower. But other indicators point to a lower dollar. This chart favors a lower dollar with non-US large caps outperforming US large […]