President Donald Trump is not wasting any time: the negative trade deficit is public enemy number one. Not only did Trump show that he means business by declaring war on the Mexicans as he threatened to impose an import tax on Mexican goods, the same fate awaited China and later Germany: all countries that currently have a positive trade balance. Trump blames the negative trade balance for the disappearance of American manufacturing jobs. Why is Trump completely wrong? And what are the... »

After manipulating the silver price for many years, it recently came to light that Deutsche Bank has also manipulated the gold price. At least, that is what happened if were to believe the multitude of gold blogs. Deutsche Bank was sued because of an alleged manipulation of the Gold Fix and the troubled German bank decided to settle the case. With the risk of being called stupid, evil or a tool, I will tell you a little secret: Deutsche Bank is innocent. The idea that Deutsche Bank

Before we embark upon our forecasts for 2017 (especially regarding precious metals prices), it is without a doubt worth it to analyze the year 2016 once more with the help of a few charts. These charts represent the protagonists of past year, the returns on the most important financial assets and the most important changes in some select financial data. In some cases, these will remain as important as they were last year in the coming twelve months. We will glance through the Dow Jones, German government bonds, the dollar (against the euro), the number of worldwide corporate defaults, the yield curve spread, China´s dollar reserves, the dollar-LIBOR, the oil price, bitcoin and of course the gold price.