Daily Nugget – US payroll data upsets gold, India restricts gold purchases
This afternoon US non-farm payrolls data was released, overshooting estimates of +144,000 and coming in at +165,000. The labour participation rate, however, remains at a 63.3% its lowest since 1979, whilst the average work week for employees on private nonfarm payrolls decreased by 0.2 hour. …
The Roman Emperors of today
In the first of our features from The Real Asset Report, we bring you our look at Roman Currency debasement and how it compares to debasement today. “The U.S. government has a technology, called a printing press (or today, its electronic equivalent), that allows it …
The Daily Nugget – Gold hangs on for central bank meetings
This week will be all about PMI data releases and central bank meetings. The prospect of the central bank meetings will see gold swing back and forth a bit, as speculation switches between further stimulus or holding back. The Bank of England meeting is not …
Sprott: Ignoring the obvious
Eric Sprott and Etienne Bordeleau explain how the Feds money printing, ‘financial alchemy’ is resulting in nothing constructive and something which is ultimately highly inflationary. As they point out, all the signs of a failing economy are there, we’re just choosing to ignore the obvious. …
Daily Nugget – gold’s week ahead
Despite some choppy trading today, both gold and silver remained strong against a backdrop of a strong dollar, US stock indexes and rallying Asian and European stock markets. It seems investors are getting the taste for risk back, which is posing a bearish threat to …
