Gee Baby what the hell happened to the gold and silver prices into the weekend? We are down over another 1% in both in Australian and Asian trading hours, and with London due to open soon both may head even lower to test strong support levels.
We definitely need something to calm our nerves, and I can't think of anything better to achieve that than some soothing sexy Sydney jazz from Frances Madden.
Gold and Silver were beaten down in overnight trade, with gold falling over 2% to below $1,200 and silver over 4% to below $16.50. Traders continued to bid the US Dollar higher with the USD index over 86 as the fallout from the Fed ending QE continues to be felt across all markets along with a fear of rising rates in 2015.
Oct. 29 (Bloomberg) -- Jim Grant, publisher of Grant’s Interest Rate Observer, and Megan McClellan, global head of U.S. fixed income at JPMorgan Investment Management, talk about Federal Reserve policy, the bond market and the U.S. economy. They speak with Stephanie Ruhle and Michael McKee on Bloomberg Television's "Market Makers."
Discussing future accommodation and when the Fed will raise interest rates, with Keith Fitz-Gerald, Money Map Press; Jack Bouroudjian, Index Financial Partners; Sharon Stark, D.A. Davidson & Co., and CNBC's Rick Santelli.
In this episode of the Keiser Report, Max Keiser and Stacy Herbert in a double-header discuss nudging citizen-consumers like pigeons and mental patients into behaving as the technocratic elite wish them to behave - more consumption, more selfies, more fatal masturbation. This behavioural outcome is achieved through rewarding desired behaviour with plastic trinkets and poker chips which make the subjects being controlled feel empowered by their decisions to behave as their controllers had wanted them to. They look at examples of successful nudging in the UK where the electorate is bought off with games of chutes and property ladders for correct behaviour. If nudging does not work, however, there is always bludgeoning as is done in the US where the Inland Revenue Service has been seizing the bank deposits of non-complying citizen-pigeons who have not incurred massive debts.
The second half of Sean's interview with GoldMoney's Alasdair Macleod they discuss the November 30th Swiss gold referendum and what it might mean for the Bankster's central banking Ponzi scheme. They also discuss Majestic Silver CEO Keith Neumeyer's move to withhold physical silver sales - and his idea to form an OPEC-like mining cartel to break the back of the paper silver manipulation.
China on Monday announced direct trading between the renminbi and Singapore dollar beginning Tuesday, marking another step toward internationalizing the Chinese currency.
The announcement by China Foreign Exchange Trading System (CFETS) extended the yuan's list of direct onshore trade to more major currencies, including the U.S. dollar, the euro, British sterling, Japanese yen, Australian dollar, New Zealand dollar, Malaysian ringgit and Russian ruble.
The move aims to boost bilateral trade and investment, facilitate the use of the two currencies in trade and investment settlement and reduce exchange costs for market players, the CFETS said in a statement on its website.
The move is also expected to help Singapore in its bid to become a renminbi offshore center.