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  • Comex Gold Inventories Collapse By Largest Amount Ever On Record  [View article]
    We keep hearing about the fact that the German government must
    wait seven years to receive back their gold. If true, It seems to me
    that the importance of this question transcends all others.
    Two questions must be answered, first, why this delay, and second,
    why would the German government accept this delay ?
    Apr 10, 2013. 06:10 AM | 7 Likes Like |Link to Comment
  • With Cyprus beginning to make its way off the front pages, gold heads lower, sliding $11.25/oz. to $1,595. GLD -0.8%, SLV -0.3% premarket.  [View news story]
    The only way that central banks can reduce debts is by inflation.
    This policy also helps individuals whose debts are out of control.
    Regardless of any financial skulduggery inflation will increase and
    the price of gold will reflect this.
    Mar 26, 2013. 05:06 AM | Likes Like |Link to Comment
  • Is This Finally The End Of Gold's Decade-Long Bull Market?  [View article]
    I was an investor during the furious inflation of the 1970's. I take
    currency devaluation very seriously. Setting aside all questions of
    shorting or manipulation, promises of physical gold based upon
    empty vaults, must eventually force the price to rise as the owners demand delivery. When the big bluff is called, the most serious risk
    to the small investor in gold, is confiscation. The present rise in equities is just a puff of QE wind.
    Mar 10, 2013. 06:16 AM | Likes Like |Link to Comment
  • Debunking Credit Suisse And Goldman Sachs's Bear Thesis On Gold  [View article]
    A well reasoned article. There are two compelling reasons that
    support the conclusions. First, governments are afraid to raise interest rates because so many indebted voters would be declared bankrupt, and second, the only way that that the huge debts of the
    US,UK and EU economies can ever be paid off is with money
    debased by inflation. The boat may float now, but eventually it
    must sink.
    Mar 4, 2013. 04:11 AM | 1 Like Like |Link to Comment
  • Are Record Outflows From The SPDR Gold ETF Cause For Concern?  [View article]
    1. A very interesting article, thank you.
    2. We keep reading that Germany must wait to receive the gold that
    they own. If this is true, then to re-patriate Germany's gold, the gold
    must come from somewhere. This suggests that one should be
    buying physical gold, not selling it.
    Mar 2, 2013. 03:26 AM | 4 Likes Like |Link to Comment
  • Commodity Chart Of The Day: Gold  [View article]
    I also was alarmed by Bornagain2007's article. However, it turns out
    that this audit only included Federal Reserve Banks, not Fort Knox
    Feb 26, 2013. 12:13 PM | Likes Like |Link to Comment
  • Is There A Massive Head-And-Shoulders Bottom Forming For Gold?  [View article]
    Recently, there has been much discussion about manipulation of
    bullion prices by the banks, and others. If manipulation is taking place,
    the data upon which technical analysis is based is flawed and the
    conclusions false. Even without manipulation, I think that the evidence
    is weak.
    Dec 22, 2012. 03:39 AM | Likes Like |Link to Comment
  • Did we miss a major central bank tightening overnight? The precious metals sector is lit up bright red following the Fed's addition to QE and what looks like the promise of ZIRP for at least 2-3 more years. GLD -1.1%, SLV -2.2% premarket. Copper and oil join in, the red metal -1.4%, and WTI crude -0.6%[View news story]
    Muddy's comment about the actual cost of mining gold should not
    be forgotten when judging the current price of gold. One should also
    compare the gold price with the retail price index to gauge its real value.The froth on the futures market should be ignored. PS I wish
    I knew what AAPL stands for.
    Dec 15, 2012. 03:38 AM | 1 Like Like |Link to Comment
  • A sliding dollar is of no help to sensitive commodities, all tumbling in early trade. GLD -1.4%, SLV -2.2%, USO -1.2% premarket.  [View news story]
    When I look back to my 1970's records of gold/retail price index,
    I know that physical gold is the only safe ploy at the moment.
    Dec 5, 2012. 02:42 AM | Likes Like |Link to Comment
  • Agreeing on the creaky condition of the fiscal position of Western governments, two economists come to the opposite conclusion on gold. Lombard's Leigh Skene thinks the EU debt crisis has set in play a deflationary spiral in which gold falls (and sliver plunges), while John Williams says 2014 will bring realization of the U.S. government's insolvency and a soaring price.  [View news story]
    htmortimer's comment is very good and very true. I was an investor
    during the great inflation of the 1970s so I have seen it all happen before. Since then, my portfolio accounts have always taken the UK retail price index into account (each transaction is divided by the then current RPI). When an investment is sold after a year or two, this method shows up the real profit/loss, It comes as a nasty surprise, when a cash profit turns out to be a real loss.
    Nov 30, 2012. 03:02 AM | Likes Like |Link to Comment
  • Inside GLD: Q&A With Tim Coyne Of State Street  [View article]
    What percentage of issued gold shares is covered by metal
    stored in the vaults.As few as two audits per year do not
    inspire confidence.
    Nov 13, 2012. 02:42 AM | 4 Likes Like |Link to Comment
  • State Street's Mazza: Gold ETF 'GLD' Easier To Trade Than Bullion And Coins  [View article]
    It is all very well to claim that this or that amount of gold is held in
    this or that vault but the 64 thousand dollar question is, what
    proportion of ETF certificates is actually covered by metal ?
    Nov 6, 2012. 05:21 AM | 2 Likes Like |Link to Comment
  • Regression And Volatility-Based 1-Year GLD Price Projections  [View article]
    The near certainty that the gold price will lie between the 96% bounds
    is not very helpful. Otherwise a good article.
    Extrapolation is only useful when the playing field is level. Tobaccorogue reckons that ETFs suck up money that otherwise would run bullion up. If ETF paper is not covered by gold, price projections are flawed. I am alarmed by the frequency at which false ETF gold coverage is thought to exist. Do we have real evidence of this ?
    Nov 6, 2012. 04:44 AM | Likes Like |Link to Comment
  • Golden Cross Points To New All Time Highs For Gold  [View article]
    A very informative article. Your table well illustrates the benefit of
    adhering to the golden cross idea.
    I have an instinctive dislike of using a single number statistic to
    represent a multivariate process. On the plus side, your table is
    very convincing. However, as you so rightly point out, the golden
    cross is derived from historic data. We all know that it is the transient of a sudden market event that negates the value of a steady-state extrapolation.
    One could argue that, over the last three years, financial/political
    policy would have caused gold to rise, regardless of what the
    golden cross told us. In less obvious circumstances, the golden
    cross may be of use.
    My comments are not intended to disparage your article but to
    stimulate thought on this interesting subject.
    Oct 30, 2012. 04:52 AM | 2 Likes Like |Link to Comment
  • Negative Correlation Between Gold And The Stock Market  [View article]
    Ed is quite right to assert that gold is negatively correlated with the
    DJ. Although not quantified in the article, gold is also negatively
    correlated with the US dollar. But by how much ?
    When looking at the daily/weekly figures, it is not easy to see the correlation. This is why we need the Correlation Coefficient which
    is averaged over a definite period ; six months, say.
    Oct 12, 2012. 11:49 AM | Likes Like |Link to Comment