Category: Articles: General
Jim Sinclair Comments On Today’s Gold Market
The price of gold and silver price took a dive today during the trading session. Gold in US dollar closed at $ 1,696, somewhat higher than the intraday low at around $ 1,692. The price of silver closed the trading session at $ 32,83, recovering from the intraday low at about $ 32,7. Jim Sinclair reacted today on the evolution of the gold market. As he openly admits, he was crushed by e-mails from people, all asking the same question. Although he didn’t describe the question(s), it seems obvious it had to do with the gold price drop. Here is Mr Gold’s take on the gold market today: There is no […]
Gold, Silver & Words Of Wisdom For Christmas
Our day-to-day focus often makes us forget the higher values in our lives. Yes undoubtedly economic and monetary matters are important and an integral part of life. But let’s not forget there is much more. There is gold, there is silver … and just us with the values that we created over time as human beings. With the end of the year nearing, it’s time to take some distance and put things into perspective. Gold and silver carry strong values, but we humans should be proud as we have even more values. Time for some wise words, written by a retired accountant who has been in financial markets for more […]
Gold & Silver Eagles Top Performers in November 2012
November has seen very strong sales in American Eagles, both gold and silver coins. Reuters reported that “November sales of U.S. American Eagle gold coins are set to be the strongest in 14 years as uncertainty surrounding the U.S. fiscal crisis and the presidential election triggered safe-haven buying, dealers said.” Reuters cites in the same article the opinion of one of the leading dealers in the US: “There is a huge influx of new high-net-worth individuals that are buying a lot of gold, and they are taking physical possession of it,” said David Beahm, vice president of Blanchard & Co, one of the largest U.S. retail coin and bullion dealers. We […]
Another Wake Up Call – Hold Physical Gold & Silver
Our friends at SGTReport and TheLibertyMill created an excellent micro documentary about the threats coming from the financial and monetary world. They focus on the situation in the US, but the ideas are universal. It is meant as a wake-up call for people, especially the ones that are not aware of the graveness of today’s situation. People still have time to prepare for a potentially painful situation to come, but time is ticking and the time left could be limited. It’s better to be prepared way too early than just a little bit too late. The once proud and independent people of the United States have, in large part, been reduced to […]
Diversify Some Of Your Fiat Money Into Gold Before It Is Too Late
Since the middle of October the price of gold has been building some solid support above the $1700 an ounce level. However, it continually came into selling resistance at the $1720 an ounce and then again at the $1740 an ounce. All of this selling pressure can be attributed to the action of traders and especially those on Comex, meaning none of the selling was for hedging purposes and none of it had anything to do with an increase in the supply. Nevertheless, traders were able to influence prices using massive sell orders in this paper market. The gold market then went on hold as it waited for an outcome […]
What Is The Gold Standard Exactly?
We wouldn’t believe a year ago that even the mainstream media would be talking about “the gold standard” so often as they did over the past few months. Even the number of searches in Google has been increasing, which is a sign that the topic is gaining in “popularity”. Now what exactly is “the gold standard”? Is it correct how most describe it as a state where money is backed by gold? In the latest edition of The Gold Standard Journal, an article appeared in which the author Thomas Allen explores this question in more detail. He goes back in time to provide a well argued explanation. We highly encourage […]
Paulson Buys Gold & Becomes Largest Shareholder Of GLD ETF
Back in the summer, when the gold price was hovering at its critical juncture at around $1,550, we wrote that smart money like Paulson and Soros was accumulating gold. Obviously the Chinese belong to this group too. It appeared afterwards that smart money prevented the gold price to drop below $1,520, a price point that acted as the ultimate support. Today Bloomberg reported that Paulson has been continuing his gold purchases, mainly via the SPDR Gold ETF. He just became the largest owner of the GLD, based on the Nov. 15 SEC filing. That’s more than remarkable news. These are the figures that give an idea of the magnitude of Paulson’s gold holdings: Paulson currently owns […]
Silver Demand: Industrial Outlook Till 2014
The Silver Institute just published the research report “The Outlook for Silver Industrial Demand.” The research, executed by Thomson Reuters GFMS, examines the current and future outlook for global industrial silver demand. We quote from the summary of the report: At present, against a backdrop of a continuing sluggish global economy, a downturn in silver industrial demand is forecast for 2012, although a recovery in 2013 will see these losses entirely recouped. The report states that during 2012-14, some silver industrial market segments will outperform, including the use of silver in ethylene oxide (EO) plants, which is already experiencing a strong performance this year. Silver oxide is employed as a […]
Gold In China – Update November 2012
Lots of news is coming out of China these days. We’ve selected the three most valuable insights and quote them in this article. Today Mineweb wrote that gold demand in Q3 had fallen compared to a year earlier and that the decrease was due to decreased demand out of China as the Chinese economy is slowing down. Global gold demand dropped 11 percent in the three months to September from record levels seen in the same period last year, dampened mainly by fading Chinese fervour as its economy slowed, with stronger Indian demand stemming a larger fall, the World Gold Council said. Chinese gold consumption fell 8 percent in the July […]
Why Not Gold Instead Of The US Dollar, Says Turkish Prime Minister
The international pressure on the usage of the US dollar as a world reserve currency is increasing. Turkish Prime Minister Erdoğan openly asked why the International Monetary Fund is not using gold as its reserves instead of the dollar. It’s becoming increasingly clear that the dollar isn’t necessarily a blessing but rather an issue for some countries. These are some highlights from what Erdoğan publicly said (source: Sabah.com.tr) Expressing that he doesn’t feel it is right for the IMF to act according to one nation’s currency, Erdoğan states, “The IMF extends aid on a who, where, how and on what conditions bases. For example, if the IMF is under the influence of […]
Gold Rush – A New Ebook About America’s Gold Rushes
The new ebook “Gold Rush!” by Mike Landfair answers the question “How do I buy Gold?” It is written for the novice who wants to protect his or her wealth, but doesn’t know how. Mike Landfair has been writing about Gold (and Silver) and making predictions about future precious metal prices for almost a decade. He wants to help people to survive the collapse of fiat currencies. The author describes in his book the two Gold rushes that America has experienced. He believes we are about to go through the third one. The first Gold rush began in 1848 with the Gold discovery in California and sparked radical change in […]
Gold & Silver Today – November 7th
Our selection of today’s gold and silver news: Gold Daily and Silver Weekly Charts – Good To Be Back Home Again Source: Jesse’s Crossroads Cafe | 2012-11-07 Gold, shares gain, dollar slips after Obama victory Source: SGT Report | 2012-11-07 Charteris: Silver to Rise 500%, Gold to Hit $2,500 in 2015 Source: SGT Report | 2012-11-07 Hathaway: Gold Setup To Super-Surge To New All-Time Highs Source: King World News | 2012-11-07 Obama Wins; Gold And Silver Jump 2 and 3 Percent Source: Gold Core | 2012-11-07 GATA’s clamor reaches an ever-wider circle of the gold universe Source: GATA | 2012-11-07 Richard Russell – I See Catastrophic Insane Bubbles Everywhere Source: […]
Gold’s Outlook For 2013
In his weekly market commentary, Adrian Ash from BullionVault looks at the prospects of 2013 given today’s situation and this year’s evolution in the gold market. The piece is short but powerful. It contains valuable insights. Unlike the last 5 years, there has been no panic or crash in the broader financial markets in 2012. Indeed, stock markets globally have risen almost as well as gold since New Year. That breaks a 7-year run of gold beating the US stock market hands down. Gold has only underperformed the S&P500 twice since 1999. It has risen 19.1% per year on average since 2004, versus the US stock market’s 3.8% average rise. […]
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