"Right now, people continue to believe that the same idiots that created all of these problems, namely the central banks, are going to somehow get us out of it with the exact same policies that got us into it," is the subtle manner in which the outspoken Bill Fleckenstein describes the 'fantasy' in which most Americans live during read more
Even as the Indian government is seeking to restrict gold imports and is coming down hard on gold loan companies across the country, China could well be on its way to import 1,000 tonnes of gold for the whole year if recent buying trends continue.
China has imported through Hong Kong 129 tonnes of physical gold in July, from the 113 tonnes it imported in June, according to the Hong Kong Cens... read more
The first eight months of 2013 saw a major rebalancing in the gold market with an exodus of professionalinvestors countered by an explosion in grass roots demand. From their peak at the start of the year through to ear... read more
Silver-Based Memory Devices May Replace Flash Drives
You may not have heard the acronym ReRAM, but you will soon. Resistive Random Access Memory or ReRAMs (sometimes written as RRAMs) operate like tiny battery cells and store data through changes in the electrical resistance of the cell. The presence or absence of an electrical charge can be used
to store bits of informatio... read more
A heavy burst of selling led to another sharp fall in gold from $1,323/oz to $1,312/oz, again in less liquid Asian markets overnight and gold broke through support at $1,320/oz and may now test support at the $1,275/oz level.
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Gold and silver are money because, unlike all other commodities, people accumulate them without limit. Virtually all of the gold ever mined in human history is still in human hands. The “stocks to flows” ratio (inventories divided by annual production) for gold is 80 years. For silver it is also measured in decades.
For other commodities, it is measured in months.
Think about this. It... read more
The latest World Gold Council Gold Demand Trends report, which covers the period April-June 2013, highlights how recent falls in the gold price have generated significant increases in demand, most notably from consumers in China and India - by far the biggest markets for gold - compared with the same time last year.
Globally, jewellery demand was up 37% in Q2 2013 to 576 tonnes (t) from 421t... read more
From its low-close on June 27 of $18.59 (Comex front-month basis) through its high-close on August 27 of $24.70, silver jumped 32.8% in just 42 trading days. Using today's Comex close of $23.12, silver is up 24.4% from its June bottom. Many investors are wondering if this has been a dead-cat bounce off an oversold bottom or if a new bull trend has begun. Based on all of the fundamental and tech... read more
A selection of 50 graphs might not sound like a particularly exciting way to spend a morning but, as they say a picture says a thousand words and this was certainly the case in all 50.
The whole report is worth a look, but here I take some of favourites and explore them a bit more closely.
Currencies priced in sound money
It can be easy to forget that gold is in fact a currency, a... read more
