It's Still Fool's Gold For A While Yet [View article]
I am reading numerous predictions that gold is going to $800, I am beginning to believe that is the price being targeted by the CB. I have read where several large banks are working to bring gold to this level. Do most investors agree with this price for gold in the current economic climate or do they expect it to drop much below $800. If most agree then it would appear the best strategy is to short gold at it's present price.
Precious Metals Piracy: Demand, Currencies And 'The Daily Fix' [View article]
Good vision, correct analysis but sorry no sale. Central banks and their proxies remain in control. Reports appear to indicate preparations are nearly complete to evaporate the Cyprus situation into a non-event. It was a close call for awhile but it's all papered over, move on folks nothing to see.
A well written and thoughtful article, and also interesting and informative posts.
I have only followed PM for 3 years so I am new to this but as I read about confiscation, theories on price action long and short I can't help but to wonder who is pulling this puppet's strings? Since a year ago when FR advised against holding gold and the price gradually being wound down I have wondered a lot about what is going on?
From what I read the price of gold appears to be set by the paper market (LBMA & COMEX), not the physical trade in the hinterlands. Next one wonders who benefits from higher prices and who benefits from lower prices. Some say banks want inflation and higher PM prices and others disagree and say the opposite. I should think if banks hold debt they would want deflation. For the most part CB's would probably benefit from lower prices, I don't hear anyone claim the opposite. Either way, I doubt confiscation is in the cards as it is much easier to run the price down than to confiscate, this seems to be a lot easier than rounding up a goon squad. With this in mind I have been shorting gold even though logic tells me otherwise.
Socialism And Debasement Of Currency [View article]
Oh what a web has been woven; years of slowing exports and increased imports, factories closing, jobs being lost, pointless wars financed with borrowed money. The picture is not a Kodak (whoops) moment. Central banks run by commercial/investment bankers pretending to re-flate while deflation erodes not only worker's wages but also worker's meager land assets. Meanwhile most of the world's wealth resides outside of the US in offshore tax haven accounts. What is the most likely outcome, what happens next?
Is Gold An Inflation Hedge Or Something More? [View article]
Year over year the Fed balance sheet has dropped by $50 billion and after QE3 the Sept. Fed balance sheet increased by just $3 billion. Looking at the chart for monetary base it appears the Fed is talking money but has actually started drawing money out of the system. I was unable to paste a chart from the Fed which shows how they have actually reduced M2 significantly, they are under tremendous pressure to pull money out of the system. I don't believe this is the right move but there is overwhelming pressure for them to do so.
The Case Against The Case Against Gold [View article]
It is true that if CBs are printing currency, assets such as pm & equities will rise in dollar terms. But just wondering if the CBs turn out not to be injecting money into the economy but instead talking their book then what might ensue is deflation. (Primary inflation is taking place in scarcity of energy & food not in goods and services.) The Fed balance sheets were of course expanded with new money placed in reserves safely out of the economy. This money is loaned to banks which buy back low interest government bonds and thus no new money in the system. Year over year the Fed balance sheet has dropped by $50 billion and after QE3 the Sept. Fed balance sheet increased by just $3 billion. So where is the money? Now add to this the see saw game being played by ECB & the Fed, taking turns with currency valuations which affect the value of pm sensitive to exchange rates. So again, where is the money? Makes one wonder if we are witnessing an international shell game doesn't it? After all, doesn't it make sense for governments to develop complex schemes to defend their currency?
Favor Gold In Anticipating More Stimulus [View article]
Since February of this year I have gone negative on gold, seemed each mini rally brought it further down. I believe there is something holding gold in the $1550-$1625 range. Could be a Euro-dollar currency value coordination organized to hold gold in place, and there is reasonable motivation for this.
CME Silver Stocks At An All-Time High, Or Are They? [View article]
Remember, Mr. Bernake's class room chats as gold and silver prices recently dropped? It is not in the interest of USA to have the resources of the general population invested in PM that's all.
A Historical Buying Opportunity In Silver [View article]
Agree that silver appears to be undervalued, the question is why? The market is normally the best determinant of asset values so the question is what does the market know? What is being missed by those who believe it should be higher? Could it be the likely collapse of the Euro? Another question to ask is what powerful interests benefit from a low valuation of silver or gold?
It's Still Fool's Gold For A While Yet [View article]
The Fed Has Not Been Printing Boatloads Of Money [View article]
Precious Metals Piracy: Demand, Currencies And 'The Daily Fix' [View article]
Got Gold (As In GLD)? [View article]
Got Gold (As In GLD)? [View article]
I have only followed PM for 3 years so I am new to this but as I read about confiscation, theories on price action long and short I can't help but to wonder who is pulling this puppet's strings? Since a year ago when FR advised against holding gold and the price gradually being wound down I have wondered a lot about what is going on?
From what I read the price of gold appears to be set by the paper market (LBMA & COMEX), not the physical trade in the hinterlands. Next one wonders who benefits from higher prices and who benefits from lower prices. Some say banks want inflation and higher PM prices and others disagree and say the opposite. I should think if banks hold debt they would want deflation. For the most part CB's would probably benefit from lower prices, I don't hear anyone claim the opposite. Either way, I doubt confiscation is in the cards as it is much easier to run the price down than to confiscate, this seems to be a lot easier than rounding up a goon squad.
With this in mind I have been shorting gold even though logic tells me otherwise.
Socialism And Debasement Of Currency [View article]
What is the most likely outcome, what happens next?
Is Gold An Inflation Hedge Or Something More? [View article]
I was unable to paste a chart from the Fed which shows how they have actually reduced M2 significantly, they are under tremendous pressure to pull money out of the system. I don't believe this is the right move but there is overwhelming pressure for them to do so.
The Case Against The Case Against Gold [View article]
Now add to this the see saw game being played by ECB & the Fed, taking turns with currency valuations which affect the value of pm sensitive to exchange rates. So again, where is the money? Makes one wonder if we are witnessing an international shell game doesn't it?
After all, doesn't it make sense for governments to develop complex schemes to defend their currency?
'Do You Own Gold?' 'Oh Yeah, I Do,' Says Ray Dalio At CFR [View article]
Favor Gold In Anticipating More Stimulus [View article]
A Strange Trinity: Gold, Oil, And The Dow [View article]
What Happens To Precious Metals And Bank Stocks In A Post-Euro World? [View article]
Thank you for one of the best analysis of the Euro situation I have read, and further insight as a result of comment exchange dialog.
The Silver Megathrust [View article]
CME Silver Stocks At An All-Time High, Or Are They? [View article]
A Historical Buying Opportunity In Silver [View article]