Pat Shuff

Hong Kong Recalls Gold Reserves: Why No News Coverage?

Dubai Moves Its Gold From London Back Home

The new vaults of DMCC (Dubai Multi Commodity Center) will be home to the gold allocated to the Dubai Gold Securities (DGS) Exchange Traded Funds (ETFs). The vault may also become a natural choice for storage of gold reserves by central banks in the regional market, analysts said.

prudentinvestor.blogsp...

First Dubai now Hong Kong. Perhaps just part of the process, if history serves guide, of financial centers migrating to where the money is, the changing domiciles
of capital and savings.

Worrisome Divergence in Gold, Miners ETF Charts

Anyone notice how the oft-touted 3-5 times leverage of gold stocks to the pog only kicks in during declines and the gearing disappears on the rises. What a deal.

Suggests the so-called non-expiring 'embedded option' on the price of gold in gold stocks justifying a premium in share price should instead be discounted and has been.

Mine management manages to ensure that the rising price of what they sell never flows to and/or subtracts from the bottom line. Meanwhile, the dilutive share incentives awarded flow from the shareholder's pocket to the management's. Mine all mine.

They lost money at $250oz. They lose money at a $1000oz, resource depleted and a bazillion more shares later. That's why they call it a mine.