There's a tendency in gold investing circles to overemphasize the unimportant while not placing enough emphasis on what really drives the market. For example industrial demand for gold and ETF interest are both closely monitored, but few actively track the gold coin and bar sales that account for a much larger share of yearly gold demand.
If gold coin sales are any indication, we're in the m... read more
Are we running out of time? For the last several years, we have been living in a false bubble of hope that has been fueled by massive amounts of debt and bailout money. This illusion of economic stability has convinced most people that the great economic crisis of 2008 was just an "aberration" and that now things are back to normal. Unfortunately, that is not the case at all. The truth is t... read more
When markets are manipulated (especially markets for physical goods), imbalances are created. The longer the manipulation continues and/or the more extreme the degree of manipulation, the larger the resultant imbalance.
The Corporate Media continues to attempt to describe the large gold-deficit which exists in India as a “current account deficit” – i.e. a currency deficit. Gold is a cu... read more
Pay attention GLD, PHYS, PSLV, and SLV investors - the US Mint's full February sales numbers show unprecedented amounts of gold and silver Eagles sold. We will go inside the numbers to show this to investors, but the strong physical sales may be a sign that the drop in prices is not the end of the bull market, but just a long, painful correction.
Analyzing the U.S. Mint Sales Numbers... read more
Gold futures climbed for the first time in four sessions on speculation that central banks will continue stimulus measures to spur economic growth.
Haruhiko Kuroda, the nominee to be Bank of Japan (8301) governor, said he would do whatever is needed to end 15 years of deflation, while Federal Reserve Vice Chairman Janet Yellen said the central bank should press on with $85 billion in monthly... read more
When two weeks ago we exposed the heretofore secret location of JPM's London gold vault (located under the firm's massive L-shaped office complex at 60 Victoria Embankment) we thought: what about New York? After all, while London is the legacy financial capital of the "old world", it is in New York that the biggest private wealth of the past century is concentrated, an... read more
If we can't even cut federal spending by 2.4 percent without much of the country throwing an absolute hissy fit, then what hope does America have? All of this whining and crying about the sequester is absolutely disgraceful. The truth is that even if the sequester goes into effect, the U.S. government will still take in more money than ever before in 2013 and it will still spend more money th... read more
Gold rebounded on concern that automatic U.S. spending cuts that are due to take effect from tomorrow may hurt the recovery of the U.S., still the world’s largest economy.
More than $85 billion of across-the-board U.S. cuts start tomorrow for the current fiscal year, followed by a March 27 expiration of a funding measure for U.S. agencies.
This should support gold at the $1,600/oz lev... read more
You may have read that Via Mat International AG, the Swiss Logistics and precious metals storage company, has decided to close all accounts with US citizens.
They do not explain the cause for this, but mention taxation and tax structures in their letter as one reason.
The decision by Via Mat has no effect on Matterhorn’s US clients.
Matterhorn Asset Management / GoldSwitzerland... read more
It isn't much of a secret that gold mining shares have suffered greatly in the past 18 months. In fact, since the summer of 2011 the Market Vectors Gold Miners ETF (GDX) has plummeted nearly 40%. That has caused many precious metal investors to give up hope on mining shares altogether; and to also now anticipate a tremendous plunge in gold prices.
Nevertheless, I believe gold and gold min... read more
