Focus on the Debt Ceiling Countdown, Not The Shutdown -- Peter Hug -- October 8, 2013

Kitco News speaks with Peter Hug to get his take on the instability going on in the U.S. It is day 8 of the U.S. government shutdown with no settlement between Republicans and Democrats in sight. "The government shutdown is psychologically in the market but it's so minor relative the bigger picture of the debt ceiling negotiations that are coming to a deadline within the next 10 days," Hug says. "If they blow this one, I can't even guess at what this does to the price of the metals. Obviously it's going to be higher, but I can't even quantify what's going to happen." Despite the approaching debt-ceiling limit, Hug says the fundamentals to this market look bearish. With regards to this month's FOMC meeting, Hug says Federal Reserve Chairman Ben Bernanke has the perfect out and the shutdown is giving the Fed ammunition to continue its bond-buying program. "My assumption is that this debt ceiling will get extended and it will not have an impact on the credit rating of the United States. If they blow it, I can't quantify what the results are going to be, but it's going to be really negative," Hug adds. Watch now to hear how Hug expects gold & silver to react to the debt ceiling debate results. Kitco News, October 8, 2013.

Bumping Your Head on the Debt Ceiling with Steve Bobbitt

Bumping Your Head on the Debt Ceiling with Steve Bobbitt
Wednesday, September 25, 2013
The deadline for the debt ceiling is very quickly approaching and the markets appear to be starting to price it in. Steve Bobbitt joins Merlin to break down some of the major market moving events that are nearly upon us, analyzing their potential market impact. The duo look at the current situation with the S&P500 as well as how the US Dollar will be a major player in the market's direction going forward.

Bob Chapman - Europe is a goner , it is just a question of when

FFw/JB Radio Show (7/14/2011): Bob Chapman - Freedom Files - 14 July 2011

Bob Chapman : the make up of Europe is such because of the many many tribes that live there through the centuries to have a European Union is anthropologically unnatural , it is as simple as that , the European union cannot work they want it as a leading towards the world government and of course the Eurozone the Euro the important thing about that was the world currency which they wanted the Euro to become , and the banks may loan far beyond what they should've they knew better and now they're all stuck they are broke , it is gonna be default they are going to get paid back , the major banks in Europe are going to go under and most of the countries also at least six o them , they are in dire situation and they have been forging the books for years , the game is over it is simply over it might take three years to get phased out but it is coming ..., the experiment is dead