A South African police force has fired upon a group of rioting mine workers in Johannesburg, killing nine. Platinum has spiked up three percent as a result as fears that a disruption in supply may affect prices, while gold and silver have moved up as well. Platinum is still a bargain at 1460, despite high…
Here’s a quick note to all the gold buyers in Houston. Most signs point to current trends as a buying opportunity, including the news that yesterday, Egan Jones, the little credit rating agency that could (you key remember them as the gutsy little outfit that downgraded the United States credit rating TWICE IN A YEAR…
Seriously, how smooth is Spain. After asking for direct capitalization of its banks in an effort to bypass the austerity requirements that are commingled with ECB loans, Spain called a last minute press conference today to declare its intention to ask for financing through normal channels in an effort to stave off its growing debt…
Gold has now outperformed equities for 2012, and though we’re only halfway through the year, there’s good reason to believe that precious metals will continue to hold or outperform stocks. Here are the reasons why: 1) Japan’s aging population and recently renovated-through-natural-disaster infrastructure is under-performing and will directly affect our ability to sell electronics and…
California’s recent budget struggles are well known. For years the state has struggled with a constitutional amendment that required all new spending to be voter approved in an ongoing series of have-it-now-pay-for-it-later referendums. Well, combined with some shady accounting practices, which are apparently all the rage these days, it looks like California’s financial crisis is…