May 1st, 2014
by Matt Insley, Daily Reckoning
Chocolate milk isn't my ice-cold beverage of choice. But the "brown milk" holds an important lesson for us in the gold market - as you'll see.
Chocolate milk, however, is my 11-year-old nephew's favorite - and lemme tell you, that boy can put away some chocolate milk!
Recently, we were hanging out drinking our brown milk, and when the taste hit my lips, I instantly teleported through the wormhole to the last time I had a chocolate milk - back in grade school. It's amazing what a once-forgone taste or smell can do to you.
Money Morning Article of the Week
by Diane Alter, Money Morning
The silver price was modestly higher last Friday amid mounting geopolitical tensions that have stoked bullish options activity.
In early afternoon trading, spot silver was last up $0.03, or 0.15%, at 19.78 an ounce. The metal traded as low as $19.57 and as high as $19.92 in another volatile session. On Monday silver traded back down to $19.57.
April 17th, 2014
by Frank Holmes, Daily Reckoning
Recently I visited the breathtaking city of Hong Kong to speak at the seventh-annual Mines and Money conference, Asia-Pacific's premier event for mining investment deal-making and capital-raising. During my time in Asia I had the additional privilege of addressing the audience of the Asia Mining Club, alongside my good friend Robert Friedland, Executive Chairman and Founder of Ivanhoe Mines.
April 13th, 2014
by Greg Canavan, Daily Reckoning
In 1914 gold was money.
Money wasn't debt or credit back then. It was simply gold, and banks created credit on top of their gold reserve base. They couldn't go crazy in the credit creation process, because there was only so much gold in the world and its supply grew at around 2%.