Send Message
View as an RSS Feed
  • Brief And Transient GLD Spike On 'Audit The Fed' Controversy  [View article]
    Anytime a financial group refuses to be audited it is an indication of bankruptcy.

    I give higher probability to the Vatican being audited.
    Mar 5, 2015. 12:14 PM | 2 Likes Like |Link to Comment
  • The Fed's Math Just Doesn't Add Up  [View article]
    I suspect the correction will be issued Friday afternoon long after the economic journalists have gone to happy hour.
    Mar 21, 2013. 05:31 PM | 1 Like Like |Link to Comment
  • Notoriously poor market-timers, the central banks purchased 534.6 tons of gold in 2012, according to the World Gold Council. It's the largest amount the banks - last seen unloading their gold at less than $500/oz. - have bought since 1964.  [View news story]
    Yep - I think the Yen is in the early lead. Owning gold in Japan just got a real boost.
    Feb 14, 2013. 02:46 PM | Likes Like |Link to Comment
  • The CME cuts the initial margin for gold (GLD) to $5,940 from $6,600 and silver (SLV) to $10,450 from $12,100. Maintenance margins are cut by a similar ratio for both metals as well.  [View news story]
    Agree that the CME is trying to get more trades. A combination of the PAGE (Pan Asian Gold Exchange) and India adding 2% to the import tax on gold may be part of the reason for the gold change. I don't know the reason behind the silver change; the CME raised the margin in May 2011 after silver hit almost $50/oz.
    Feb 8, 2013. 11:04 AM | Likes Like |Link to Comment
  • Long Silver, Short Gold Play Continues To Work Well  [View article]
    Could you comment on the effect that the PAGE (Pan Asian Gold Exchange) will have on gold and silver?
    Jan 22, 2013. 01:56 PM | Likes Like |Link to Comment