KingWorldNews.com’s August 7 blog post with Stephen Leeb discussed the strong demand for gold in China, despite what the media report. Leeb says that this year China is set to import some 1,200 tons. But, China is not the only Asian country where the demand for gold is strong. Most physical gold sold in Asia
Something significant may have just occurred in the physical gold world. According to Zerohedge, the one month Gold Forward Offered Rate (GOFO) rate just went negative for the first time since 2008, and perhaps even more significantly, so did the three month rate. The last time both went negative was in 1999. In both cases
Grant Williams, author of the newsletter Things That Make You Go Hmm, recently presented at the 66th Annual CFA Conference in Singapore. The entire presentation is available above, but in this post we’re going to deal with less than ten minutes of his presentation. Although Mr. Williams addresses stock investors, his material should be of
With gold and silver having suffered their biggest declines in their 12-year bull market, Bloomberg TV invited Ron Paul to comment. Watching the video, one can easily see that the interviewers thought that they could hammer Ron, a long-time and vocal advocate of gold, because of the price drops. They were wrong. The video is
Sunday night, sellers continued to smash the metals, driving gold to a low of $1422 and silver $24 on the Globex, an Internet platform for metals trading. Although numerous major banks and investment houses issued bearish reports on gold over the last few weeks, this decline is not warranted. This smash is not the result
Too often, silver investors point to industrial demand for silver as their reason for buying silver. Likewise, critics of silver point to industrial demand when knocking silver. It has long been my position that the industrial demand for silver is a bonus but not the primary reason for going with silver when entering the precious
One of my long time clients, who makes his living trading gold and silver, sees a “Super Magnet” being placed in the gold call market. Below is how he describes the recent action. A ”Super Magnet” was placed yesterday with roughly 37,351 new Comex gold call options in the February 2014 option cycle. 10,546 calls
Regardless of what you see as the biggest problems facing the US – endless deficits, corporate bailouts, the welfare/warfare state – they are all either enabled by, or exacerbated by, our system of fiat money. By giving a central bank the sole legal right to create new money at its own discretion, and for its
With the price of gold climbing, we are once again starting to hear the clarion cries warning us of a gold bubble. But how does one objectively evaluate that claim? The first step is to understand what a bubble means. A bubble occurs when there is a large disconnect between something’s price and its worth.
Meet the blogger who may have just saved the US economy. Yes, that’s the title of a blog celebrating Bentley University professor Scott Sumner’s championing of the latest and greatest Keynesian scheme to steal from the middle class. He calls it Nominal GDP targeting, but at this point it’s more like looting a burning building.