As I write this in the morning of 9th November 2016, there are huge lines forming outside gold shops in India — and gold traded heavily until late into the night yesterday. Depending on who you ask, the retail price of gold has gone up between 15% and 20% within the last 10 hours.
Gold quotes in India – gold traded for as much as Rs 49,000 per 10 grams or US$ 2,294 per ounce
At... read more
In the aftermath of what is being called the “greatest upset in political history,” Donald Trump has been elected the next president of the United States and this has markets in shock across the globe.
What Trump Promised In His Speech Is Extremely Important
In Trump’s speech he discussed “rebuilding America’s infrastructure” and making it “second to none.” The reason th... read more
Gold prices have dropped from $1,340 an ounce in September to as low as $1,250 late last week. This is largely due to forecasts of a rate hike by the US Federal Reserve. But the sharp drop in gold began to reverse on Monday. The price rose by more than $25 in just three trading days.
Most gold analysts say the main reason for the bounce is reaction to comments made by Yellen last Friday. J... read more
As the world awaits the outcome of the election in the United States, buckle up for some rough times.
James Turk: “Everybody who I speak with here in London, Eric, asks me about the US election. I’ve never seen anything like the amount of interest it has sparked. Without any doubt the election has grabbed the attention of people from around the world…
An attorney friend... read more
Today a legend who was asked by the Chinese government to give a speech to government officials in China, spoke with King World News about the bear raid taking place in the gold and silver markets.
Eric King: “John, we are seeing another raid in the gold and silver markets, which are getting hit in early trading — your thoughts.”
John Ing: “It’s important, Eric, to make th... read more
It is inevitable that the monetary system the world has used over the past 43 years will not only come to an end, but all signs are warning that this end is very near. Going back to 1988, one of the Establishment's primary propaganda publications issued a forecast of a new global currency replacing the dollar by 2018, and here in 2016 we have already seen the beginnings of that currency throu... read more
If you bought silver at $35 and now regret buying silver because the dollar-based price dropped 50%, I have a few words to share with you…
Some people on these boards debate the wisdom of buying precious metals and PM stocks and tend to blame the messenger if the prices change or sentiment goes against that purchase.
I can understand that entirely because on the surface, when Doc o... read more
Gold on Thursday was trying to regain the $1,300 an ounce a level amid jitters about the outcome of the US elections and ahead of jobs data out on Friday that could set the pace of interest rate hikes in the world's largest economy.
Year to date gold is up more than 20% in price, thanks mainly to investors in physically-backed gold ETFs and safe haven buying, underpinned by continuing purcha... read more
