Banksters Finally Hit with Racketeering Charges

By Clint Siegner – Re-Blogged From Gold Eagle

JPMorgan Chase and other bullion banks spent most of a decade screwing clients and investors who were naive enough to expect a fair shake in the precious metals futures markets. It was a solid racket.

Yet claims of price rigging were simply dismissed by financial journalists and regulators as conspiracy theory. The banks’ defenders were bolstered by a 5-year-long investigation by the compromised Commodity Futures Trading Commission (CFTC) which ended without a single banker being prosecuted.

Many goldbugs wondered if the racket would continue forever. Fortunately, much has changed over the past three years. Department of Justice prosecutors were able to secure a guilty plea from Deutsche Bank in late 2016.

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Precious Metals Advantage

By Stinili Philbrick – Re-Blogged From Money Metals

A lot of folks took advantage of recently falling gold and silver prices to beef up their precious metals holdings.

Those adding to their investment portfolios understood the old adage of buying low and selling high. Unfortunately, others wait until dollar values of gold and silver have zoomed before deciding to convert their paper money.

Still, most make buying decisions for their own good reasons. They either have the confidence of their convictions, or they have good questions still unanswered.

One of the frequent questions we get at Money Metals Exchange is a good one – How would I go about “spending” my gold and silver assets in a barter-type economy?

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Gold Experiences First “Golden Cross” In Two Years

By Frank Holmes – Re-Blogged From http://www.Gold-Eagle.com

Last Friday, gold experienced a “golden cross,” a technical indicator that occurs when an asset’s 50-day moving average crosses above its 200-day moving average. It’s the first such movement in nearly two years and is a sign that gold might have further to climb.

'Golden Cross' for Gold

Strengths

  • The best performing precious metal for the week was gold, by a significant margin. Gold experienced its first “golden cross” in two years, as the 50-day moving average moved above the 200-day. This week Georgette Boele from ABN Amro, who switched her gold outlook from bearish to bullish, noted that investors are now buying the metal on dips, rather than selling on rallies as they’ve done previously.

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Investing in Up or Down Markets

cropped-bob-shapiro.jpg   By Bob Shapiro

Stock prices can be analyzed in a number of ways, to determine whether they are high, low, or fairly priced.

The Price to Earnings Ratio (PE) takes the most recent price of the shares and divides it by the most recent earnings, usually for the last 12 months. This Trailing PE allows you to compare a company’s price today with its price last year or 5 years ago, on an apples to apples basis.

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Is Your Bank Account Safe?

cropped-bob-shapiro.jpg   By Bob Shapiro

How much money do you have in the Bank? I’m not asking your net worth. Rather, whether your net worth is positive or negative, how much do you keep in savings accounts, checking accounts, certificates of deposit, Christmas club, and other accounts with your local bank?

You do realize that, whatever the amount, you are earning interest that’s below the rate of price increases as measured by the understated CPI? The purchasing power of your money in the bank is going down even as the nominal, tiny returns you receive are taxable income.

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Countdown To “Grexit”

By Andrew Hoffman – Re-Blogged From http://www.Silver-Phoenix500.com

After declining for an incredible 47 of the past 51 days, the Baltic Dry Index has officially breached its all-time low of 554 – set in 1986, 29 years ago. Sure, propagandists will try to blame tanker “oversupply” rather than plunging end user demand – just as they blame the catastrophic oil price plunge on “oversupply” of high cost oil, rather than said “under-demand.” However, the fact remains that both the Baltic Dry Index and oil price are freefalling – in both cases, catalyzing massive corporate and investment losses; layoffs; and defaults.

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