As is to be expected with the recent drop, physical demand, especially for silver, has exploded over the past week. The market collapse is obviously the recent catalyst but physical demand has been aggressive since November 2012. The North American Mints are on tighter allocation releases as the demand far outstrips the production capability at levels of three shifts working 24/7. Demand from E... read more
Panic, depression, rage, suicidal ideations: watching the US mainstream media, one would think that these are the prevailing sentiments among those who unlike the prevailing "developed world" speculative class, are invested most heavily in physical old - Indians, who collectively comprise the largest end-demand consumer segment for gold products. One would be very wrong.
Because while appare... read more
"Gold has become much more affordable in recent days as the price has collapsed. Such a collapse is unpleasant, but not cause for concern," advises Dylan Grice. "Gold remains durable," as a source of protection from loss of confidence in the system, and, he adds "a correction was overdue. Now, the gold market has become healthier." Critically, Grice warns dur... read more
The biggest rout in gold prices in decades isn’t enough to sway Canada’s chief gold bull from his faith in the metal.
Eric Sprott turned his ability to call the gold and silver markets into personal wealth that once topped a billion dollars. His investment firm, Sprott Inc., has been hurt by gold’s recent plunge, but the company founder predicts gold will roar back and even hit new hig... read more
On the heels of extraordinary turbulence in the gold market, today legendary Pierre Lassonde weighed in on the takedown in the gold market. Lassonde also told King World News what to expect in the gold market going forward. Lassonde is arguably the greatest company builder in the history of the mining sector. He is past President of Newmont Mining, past Chairman of the Wor... read more
What are the 'fundamentals?' That gold is an asset which is no one else's liability, for starters. Beyond that, the last month has provided you with evidence that in a pinch, the political and monetary authorities will confiscate your savings. Central banks across the planet continue to print money and monetise government debt. These are all facts too.
It tells you that th... read more
I had the chance once again to speak with one of the great market speculators of our time, Doug Casey, chairman and founder of Casey Research. It was a fascinating conversation as usual, as Doug is a world expert on identifying “politically-caused distortions in markets,” and betting on or against them.
During the i... read more
