"The latest data suggests that the US economy is much weaker than thought. The weakness suggests that it could be quite awhile before the Fed raises rates. With short rates staying at zero as far as the eye can see, the situation is now bullish for gold.

King World News -- An Astonishing View Of The War In The Gold Market

The "Bear Market In Gold Is Over!"

As I write an hour before the close, gold is up 15.7 to 1217.7. Not being left out of the rally, silver is up 0.26 to 16.96. I believe the bear market in gold is over and we now have a large base to support much higher prices for gold.

KWN Hyperinflation 12:31:2014

Desperate Fed May Usher In QE4 And A World Of Hyperinflation

It now appears increasingly certain that the US is still grappling with the Great Recession. Not only will the Fed leave rates at zero, but I would not be surprised if the Fed ushers in QE4. With Europe’s central bank following the Fed and turning to quantitative easing, it’s entirely possible that with new trillions in currency units, the world will soon be dealing with hyperinflation. Thus the central banks are sending the currencies of the world to increasingly lower levels. The protection against currency wars is tangible items. Leading the list of possible tangible items are silver and gold.

KWN Russell I 4:7:2015

California Drought

On another subject, the drought in California has become extremely serious. We’ve had four years of insufficient rain. It’s unbelievable that the state has not erected desalinization plants along the coast. Another year or so of this and I’ll probably have to move north to my son Ryan’s farm in northern California, where there has been plenty of water available.