Sinclair: “People have to understand what the motivation was for the recent takedown in the gold price. It was so well organized, strategized, and executed by the gold banks, in unison, even though it has had the unintended consequence of creating a massive and worldwide buying frenzy in the physical gold market.
There is a comparison that is obvious today because I... read more
The U.S. Mint is suspending sales of one-tenth oz American Eagle gold coins. The Mint says that sales are suspended as inventories are depleted and need to be replenished.
Demand for one-tenth ounce gold coins is up 118% from a year earlier.
read more
* Bargain hunting lifts silver coins demand after sell-off
* Coin and medals buying this year could surpass 2011 record
* Silver fabrication demand down 7 pct in 2012
By Frank Tang
NEW YORK, April 24 (Reuters) - A pick-up in manufacturing activities and an overall improvement in the global economy should help silver's fabrication demand recover this year, respected precious metals r... read more
The last three major bull markets of the Dow were followed by some type of economic crisis and a major bull market in gold. This is no coincidence, since these massive bull markets have been mostly driven by the huge expansion of the money supply. When this expansion of credit is exhausted, which always happens,... read more
Goldman Sachs on Tuesday reversed its high-profile call to short gold, which it made two weeks ago, just before the metal sunk into bear market territory.
The firm's commodities resea... read more
A news agency tweet, that turned out to be fake about explosions at the White House injuring President Obama, sent markets on a round trip roller coaster road.
@AP, the official twitter handle of the respected Associated Press news agency, sent out a message at about 1:07 p.m. ET, saying "Breaking: Two Explosions in the White House and Barack Obama is Injured." The AP q... read more
The scene at each of the four Chow Tai Fook stores dotting Causeway Bay's Hennessy Road was the same: a rush of buyers snapping up jewellery, coins and other gold items.
Gold investors elsewhere around the world were dumping the precious metal last week as it saw the sharpest price drop in three decades. However, buyers in Hong Kong, particularly those from the mainland see value - they have... read more
Maguire spoke on KWN yesterday about the fact that one of his clients went to the LBMA to get the metal from them and could not get it. They told him he would be cash settled. This is what you have been talking about is the failure of the physical markets.”
Sinclair: “A person that I know with significant deposits in one of the primary Swiss banks, in allocated gold, wanted to take out h... read more
The bond market is an accident waiting to happen. When the bond market finally does crack, it is going to be one epic nightmare that is going to make 2008 and 2009 seem like a picnic. It will be a different kind of a crisis; but it will be an enormous crisis. These people that are bullish about... read more
