Net long gold positions on US commodity exchange COMEX increased 10% to 143,910 contracts in the week to October 25, Commodity Futures Trading Commission data showed Monday.
The increased bullish position is up from a seven-month low the previous week of 130,954 net long contracts, and the first increase for four weeks.
The number of short positions fell 7% on the week to around 55,000 co... read more
The Beginning Of The End
Egon von Greyerz: “Money printing and debt is just the most beautiful scheme invented by governments to make ends meet and give the people whatever they want. In this perfect system, it makes not the slightest difference if the budget doesn’t balance. Conventional methods of increasing taxes or reducing government expenses is old hat and totally unnecessary. W... read more
Gold is unobtainable for most people in the world the way it’s priced right now. If a global crisis hits silver is going to be remonetized by the free market. If it’s not just an industrial metal, like it is today, if governments and central banks start holding it (silver), and this is a copy-cat effect, because obviously you know this, once one of the central banks does something the rest... read more
On August 22, 2013, the NASDAQ was shut down for half a day. Investors have never been given a credible explanation as to what happened. If there were a benign or technical explanation, NASDAQ NDAQ 0.70% would have told us about it by now. They could have said there was a bad piece of code or an engineer blundered while updating software or an installation didn’t go well. NASDAQ has never p... read more
After yesterday correcting predicting that the GDP number would beat estimates and telling KWN readers to buy the initial dip in gold because it would mark a low for the correction, here is what a former associate of George Soros told King World News today.
Victor Sperandeo manages over $3 billion, has been in the business 45 years, and has worked with famous individuals such as Leon Cooper... read more
Bad times lie ahead for bondholders as rising inflation and resurging deficits conspire to drive up interest rates, according to Jeffrey Gundlach.
U.S. Budget Deficit
“We’re in the eye of a hurricane for the next three to four years,” Gundlach, chief executive officer of DoubleLine Capital, said Tuesday at the Impact 2016 conference hosted by Charles Schwab Corp. in San Diego. “C... read more
Russia is reinforcing its Baltic Fleet in Kaliningrad with two small warships armed with long-range cruise missiles to counter what it sees as a worrying NATO build-up in the region, Russia's daily Izvestia reported on Wednesday.
There was no official confirmation from Moscow, but the report will raise tensions in the Baltic already heightened since Russia's 2014 annexation of Crimea and is... read more
The global gold market was relatively uneventful in the last two weeks, but by last Thursday gold prices edged higher on the back of a softer US dollar and declining stock markets.
The price of the yellow metal pretty much flat-lined for most of last week and closed out the week at $1250 an ounce. Gold prices are having difficulty moving higher, but are also reluctant to move lower, and a... read more
