A delay in potential U.S. military action in Syria and improving economic data from China and Europe boosted appetite for riskier assets on Monday, lifting world shares and sending the yen lower.
Another very volatile day across asset-classes with no-one having a clue what is going on.
Gold and silver will survive as a store of value and wealth.
An ugly day all around...
This is one of those stories about the gold market that almost seems too wild to be true since the numbers are so extraordinary.
Oh how the house of cards is falling. I cannot wait until the bandage is ripped off and we can endure the pain and see better days. I cannot wait to see all these fuckers hang.
Equity markets saw their highest volume in 7 weeks as the major indices plunged the most since June 20th, falling back to their lowest level in 5 weeks.
It would seem the demand for physical gold and the apparent limit on paper-gold decompression ....
The Greatest Truth Never Told
The Greatest Truth Never Told
I’ve been emphasizing for months that the current correction in the gold price is a result of speculative money fleeing the market and not any reflection of gold’s long-term fundamentals.
Is the paper gold scam about to be brutally crushed by a crippling shortage of physical gold? If so, what will that do to global financial markets? According to the Reserve Bank of India, “the traded amount of ‘paper linked to gold’ exceeds by far
For anyone who sold physical gold in the current precious metal downturn, money manager Peter Schiff says, “There’s going to be a big problem because the gold they sold on the way down isn’t going to be available on the way back up because the people
Former Congressman Ron Paul (TX) explains why gold has bottomed. He also weighs in on the Fed Chairman, with CNBC's Jackie DeAngelis and the Futures Now Traders, Jeff Kilburg at the CME and Anthony Grisanti at the Nymex.
A federal judge has upheld a verdict that strips a Pennsylvania family of their grandfather’s gold coins — worth an estimated $80 million — and has ordered ownership transferred to the US government.
The Emerati city promises residents a gram of gold for every kilogram they shed
The New York Times had the definitive take on the vicious sell off in gold. To summarize one of their articles:
Gold prices have tumbled since their $1,900 peak in 2011. The yellow metal slumped into a bear market in April, and now prices are just above $1,200.
Longtime readers of ZeroHedge will recognize the name of "Gordon Gekko". His presence on that site predates even that of Turd Ferguson and he's been long recognized as a valuable contributor there.
The price of gold has been on a horrific decline for the past few months.
However, by manipulating the gold price lower through the foreign exchange interventions, they’ve succeeded in forcing 600 tons of ETF redemptions, COMEX capitulation, and drawn in an unprecedented level of fresh managed money short supply. This has
Ask anyone in town where the best burger is, and Late’s will likely top the list. And both the manager and the owner seem to understand the economic landscape — and the government’s “quantitative easing” polices, or money-printing.
The day that silver traders have been waiting for has arrived.
I think Peter has nailed it here. Buy gold now!
Only in the gold market does huge demand equal a price collapse! I suppose the problem is they don’t buy Comex contracts in Dubai and India. As I mentioned on Twitter earlier today, the pile-on from gold bears is reaching extreme proportions, somet
MUMBAI (Reuters) – Gold premiums doubled in India on Wednesday as suppliers struggled to meet surging demand after a ban on consignment imports, but futures prices fell to their lowest in more than a month as international gold prices fell due to a s
Marc Faber on the state of the markets
You heard it here first...On the February 21st, 2013 show of Declare Your Independence with Ernest Hancock radio show
As shown two months ago, the marginal cost of production of gold (90% percentile) in 2013 was estimated at $1300 including capex.