Wolf Richter www.testosteronepit.com www.amazon.com/author/wolfrichter
Exuberant wealth managers expect another phenomenally good year for stocks in 2014, followed by more great years. They see bonds and bond funds as a juicy investment that belongs in every diversified portfolio, damn the torpedoes. They’re the vast majority of wealth managers.
But there are some fretters scattered around, still, and they’re having a hard time, and they’re losing clients, and they’re pushed to the margins. No one wants [...]
Today’s AM fix was USD 1,255.25, EUR 912.05 and GBP 765.49 per ounce.
Gold rose $21.90 or 1.77% yesterday, closing at $1,262.50/oz. Silver soared $0.53 or 2.67% closing at $20.40/oz. Platinum climbed $15.25, or 1.1%, to $1,386.99/oz and palladium also rose $1.50 or 0.2%, to $735.20/oz.
Gold in U.S. Dollars, 5 Years – (Bloomberg)
Gold neared a three week [...]
http://usawatchdog.com/brace-for-vola… - Axel Merk, who manages nearly a half billion dollars, says, “The only good news in all of this is that policymakers are predictable. That provides opportunity such as shorting the yen or buying some gold.” Merk predicts, “The risk is something is going to blow up, but the more likely scenario is that we’re going to just keep our heads spinning . . . and we’ll talk again at [...]
Background here, here and here.
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US Going After Other Countries To Report US Hidden Assets — Episode 235
Approximately 25% of the Greek people cannot afford healthcare at this time. Cyprus is getting more bail-out money. More than million children are homeless this is more than in the Great Depression. The US is forcing Swiss banks to hand over hidden assets, many are not complying at this time. The US government has extended the agreement for [...]
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Obama Was Willing to Ignore Massive Opposition to the War
Pulitzer-prize winning investigative reporter Seymour Hersh (who uncovered the Iraq prison torture scandal and the Mai Lai massacre in Vietnam) revealed in the International Business Times that there ismore evidence for the Syrian rebels than Assad being the culprits behind the sarin chemical weapons attack in Syria.
This has been known for some time.
What’s new is that Hersh says that the main reason Obama backed down from [...]
Add the Senate’s top Republican to the list of those who will oppose the new budget deal, which conservatives are blasting for blowing through the mandated spending caps on government spending next year.
Senate Minority Leader Mitch McConnell will vote against the deal brokered by Republican Rep. Paul Ryan and Democratic Sen. Patty Murray, a knowledgeable source close to the Kentucky Republican told The Daily Caller on Wednesday.
While the budget proposal is expected to pass [...]
Most homeless children in NYC since Great Depression
Homelessness among New York City residents has been increasing at an alarming rate. This year, poverty in the city has reached its highest levels since the Great Depression. A large number of these impoverished people are children. RT’s Ameera David and Anastasia Churkina further the epidemic of child poverty.