Gold traders are the most bullish in a month after mints around the world said demand for bullion coins is surging and central banks added to reserves even as prices slumped the most in three decades.
Fifteen analysts surveyed by Bloomberg expect prices to rise next week, 11 were bearish and three were neutral. Sales of gold coins from the U.S. Mint are poised for the biggest month since Dec... read more
Slowing inflation is giving central bankers scope to provide the world economy with more liquidity and lower interest rates for longer, all in the name of price stability.
European Central Bank President Mario Draghi may cut his benchmark rate to a record low as soon as this week as ebbing price pressures let him deliver more stimulus to the euro area’s recession-riddled economy. Federal R... read more
Today billionaire Eric Sprott told King World News that the price of silver will soar into “the hundreds of dollars.” Sprott also warned KWN that the central planners’ recent actions will lead to disaster for the global economy. This is the third in a series of written interviews with Sprott that has now been released.
“Eric, what has you worried going forw... read more
What the precious metals market has seen over the last week in both silver and gold is a worldwide surge in physical demand as prices fell. This is what happens when the management of perception backfires.
It seems poetic justice that a drive by smash-down of precious metal prices would actually trigger the beginning of the last phase of this bull market. Nevertheless, these are exactly the... read more
So have we found a bottom in gold? Following last week's plunge to around US$1320/oz, the gold price is now up to around US$1,470/oz, for a gain of US$150/oz. And the gold miners rallied strongly in the US on Wednesday night (as they are in Australia today), suggesting we may have seen an end to the capitulation selling.
And there was plenty of capitulating going on. On Tuesday, we asked a f... read more
Japanese consumers are poised to become net buyers of gold for the first time in eight years as the yen’s decline and looming inflation drive them to seek refuge in bullion, according to Standard Bank Plc.
Net sales of gold bars and coins by Japanese individuals shrank to 10.1 metric tons in 2012, the smallest amount since 2005, data from the World Gold Council show. A surge in purchases t... read more
In attempting to peddle the absurd fantasy that the world was “fleeing gold”; the Corporate Media faced two enormous hurdles. First of all, throughout (and even before) this supposed “panic”; people have in fact been buying gold (real gold) –... read more
Eric King: “We’ve been discussing quite a bit on King World News the desperation of the central planners, and especially when we saw the very unnatural action taking place in gold and silver. When you see that kind of desperation, Eric, what does it tell you? Because it’s become more pronounced than we’ve ever seen it.”
Sprott: “It’s just pure insanity. When gold and si... read more
We are confident that in the aftermath of our article from last night "Just What Is Going On With The Gold In JPMorgan's Vault?" in which we showed the absolute devastation of "eligible" (aka commercial) gold warehoused in JPM's vault just over the Manhattan bedrock at 1 Chase Manhattan Place (and also i... read more
Reuters Precious Metals Poll - Year End Gold Price Forecasts
Gold climbed $15.50 or 1.09% yesterday to $1,430.40/oz and silver finished up 1.00%.
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