On the heels of continued anti-gold propaganda on the part of the mainstream media, today, from Singapore, Grant Williams warned King World News that paper gold and silver claims have hit a new all-time high. This is fueling fears that a default will take place at the LBMA and COMEX. KWN is pleased to share this extraordinarily powerful and exclusive piece with our global readers. Once ag... read more
The recent series of actions by the Indian government along with tax hikes on bullion imports have created an acute shortage for gold in domestic markets. Estimates released by the country’s Finance Ministry have signaled an alarming rise in illegal gold imports to the country.
The Bombay Bullion Association has stated that the tighter import curbs by the government have resulted in a hug... read more
The confused looks on traders faces is the "Taper-On" reaction in stocks (after celeberating last night's false Chinese trade data [2]) as the USD loses steam. Critically, the USD weakness (more usually associated with Taper-off (print-moar-on) is indicative of the ... read more
In the U.S. institutional investors, in 2013, have sold off over 1,000 tonnes of gold holdings from the SPDR gold ETF, the investment banks, from the Gold Trust and from COMEX because they have switched from gold to equities in the U.S.
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There is some evidence in the UK of a pick-up in consumer spending, probably echoed elsewhere. There are two likely factors behind this, the first perhaps being seasonal, aided by the fine weather. The second is less obvious, but combines with the first to encourage purchases of big ticket items; and this is cheap consumer finance coupled with growing expectations of higher interest rates in th... read more
Despite increased purchases of gold from both countries, they are expected to continue buying the yellow metal.
One of the biggest factors driving the bull market in gold over the past decade was consistent buying by central banks. After 21-straight years of selling, central banks in aggregate became net buyers for the first time in 2010. In 2012, they bought the most gold in 50 ye... read more
Gold Under The Microscope
This is the second installment of a five part series on gold.
In part one of my series on gold, Was Gold In A Bubble, I discussed why I thought that the gold price had gotten ahead of itself, like any asset in a bull market, but was not in a bub... read more
Last month, we asked why JPM was hoarding silver. Now, with August gold deliveries just underway, is it time to ask why they are hoarding gold, too?
The silver hoarding question was asked on July 11. At that time, JPM had absorbed nearly 90% of the July Comex silver deliveries, primarily for their own or "house" account. That trend did, in fact, continue through the entire delivery month and... read more
“This suspense is terrible. I hope it will last.” - The Hon. Gwendolen Fairfax in ‘The Importance of Being Earnest’ by Oscar Wilde.The failure of Lehman Brothers in September 2008 will forever be regarded by capital markets professionals as a JFK assassination-style moment, an occasion now set in amber that marked the moment when ever... read more
The market has called Bernanke’s bluff. The melt-up is on. After spending the past few months trying to convince the market that the US economy is improving, putting an end to QE and zero read more
