The G-7 are meeting this weekend outside of London. This was unscheduled and can only be considered as an emergency meeting. I have maintained all along that a “bank holiday” would ultimately occur which sets positions in cement while a revaluation of assets and currencies takes place. My guess is that the end game is…
The 2008 correction of gold occurred during a period of extreme financial and systemic distress. Global markets were in disarray, Wall Street banks were collapsing and trillions of dollars of Fed money was necessary to protect the bonuses of investment bankers whose bad bets had caused the collapse—just the environment when gold would be expected…
“Their patience was rewarded today and that was some serious tonnage, at least 40 tons (of physical gold purchased). This is 40 tons of real physical (gold). What it is doing is insuring that the bullion banks are taking the long side of this hot money (shorts) chasing price to zero. Because there is a…
The “paper smash” that was surely designed to SCARE investors away from the metals has done exactly the opposite. It was in retrospect a MASSIVE MISTAKE! Previous to take down 3 weeks ago we believed that the physical market was “fragile” at best, now we have proof that we were correct in this analysis. Now…
Jim Sinclair sent an email alert out to subscribers Monday, advising precious metals holders that the recent take-down in the metals was not a short play, but a desperate attempt to help the dollar and to keep the system alive. Sinclair states that The not-anticipated result of the take down on paper gold was to…
Hamilton coin collectors and pawn shops are getting duped. Police are warning that fake U.S silver eagle dollar coins have been circulating in the city and have been sold to various establishments over the past few months. “You wouldn’t be able to tell the difference (with) the naked eye. The coins are actually very high…
“Buyers Scour Asia for Physical Gold,” proclaimed a headline in the Financial Times — in a story buried on page 18, because it relates favorably to gold and gold bugs. Though it was exiled to newspaper Siberia (Section II, to be precise), the Financial Times article vividly detailed a scramble across Asian markets for yellow…
What’s interesting about gold, when we had that big break two weeks ago we saw all the gold stocks trade down significantly, we saw all the gold products trade down significantly, but one thing that did not trade down, was gold coins, tangible real gold. That’s going to show you, people don’t want certificates, they…
The real story behind Cyprus’ deal has much more profound ramifications – and they are positive for gold. The Right Lens The reaction to Cyprus’ forced gold sale re-affirms my belief that most Western investors remain in a state of extreme anxiety. This leaves no room for the kind of nuanced analysis that leads to…
Editor’s Note: “Premiums over spot price have recently risen, they will continue to rise.” As massive supply-deficits and vanishing inventories lead to greater and greater stress in our totally corrupted precious metals markets; these dynamics push us toward one of two potential ‘implosion’ events. One of these gruesome endings is obvious: a formal default in…
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