Last Thursday was the kind of day that precious metals investors have been waiting (and waiting and waiting) for. Gold and silver popped 3.5% and 4.8% respectively and the junior miners, which have been universally unloved lately, took off. Some more-or-less random examples: One day does not of course make a bull market, but it […]
Tangible Versus Financial Assets: The Great Migration
Excerpted from The Money Bubble, by James Turk and John Rubino. Wealth comes in many forms, but only two general categories: tangible and financial. Tangible wealth is made up of real, physical things like buildings, farmland, oil wells, commodities, etc. These things can be seen and touched, and – crucially – they don’t have counterparty […]
China Gold Imports Surge – Or Fall. You Decide
Chinese gold imports are becoming a case study in the power of journalists to control the slant of a story by deciding which facts to highlight. The following chart contains the relevant data. Here’s how the mainstream press, in this case Bloomberg, handled it: China’s Gold Shipments From Hong Kong Decline as Demand WeakensChina’s gold […]
If You Were Going to Buy a Mining Stock, Which Would It Be?
Let’s say you’ve got some traditional mutual funds full of stocks and bonds and they’re way up. You’re worried by all the taper talk and the charts that show share prices and margin debt back up to pre-crash levels, and you’re wondering whether it’s time to redirect some of that capital to someplace that no […]
Miners Reporting Serious Progress
This was supposed to be the year that gold and silver miners pretty much imploded. The story in a nutshell is that during the boom years of 2009 -2011, the markets threw so much cash at the industry that a lot of CEOs went a little crazy, racing to accumulate the most ounces in the […]
European Gold Buying “Remarkable”
Here’s National Numismatics’ Tom Cloud with a quick dealer-level view of gold and silver: DollarCollapse: Hey Tom, it’s been an eventful few weeks. Precious metals pierced your worse-case downside targets and then bounced a bit. What’s going on out there? Tom Cloud: Once gold broke the $1,320 it didn’t stop till $1,180, which I did […]
When Hedge Funds Go Short, Gold Goes Up
Bloomberg is reporting on the rising number of hedge funds shorting gold: Gold Bear Bets Reach Record as Soros Cuts Holdings Hedge-fund managers are making the biggest ever bet against gold as billionaire George Soros sold holdings last quarter and Goldman Sachs Group Inc. predicted more declines after the longest slump in four years. The […]
Golden Bullseye
One of the lessons that gold bugs are learning, in the most painful way possible, is that you can’t trade a manipulated market. When big players with regulatory immunity can move an asset’s price — and can see resistance/support levels and moving averages just as clearly as anyone else — smaller traders don’t stand a […]
One More Drop, Then Silver Back Above $25
In this week’s Q & A, National Numismatics’ Tom Cloud updates his near-term precious metals price targets and explains why silver will rise faster than gold once the bottom is in. DollarCollapse: Hi Tom. Last time we talked you said that your charts put the worst case scenario for a gold correction at $1,380. Within […]
Catherine Austin Fitts: Another Gold Smackdown Coming?
Last weekend the disturbingly-brilliant Catherine Austin Fitts, publisher of the Solari Report, passed through town, giving us a chance to finally meet face-to-face. In the following excerpt from a much wider-ranging talk she explains the deeper, more sinister reasons for the recent action in precious metals. DollarCollapse: It’s great to finally meet you, Catherine. The timing […]
For Gold, Friday’s COT Report Is Huge
The dominant explanation (in the sound money community at least) for the precious metals crash is, well, sabotage. The metals exchanges were running out of physical product and faced imminent default, so the major governments via their money center bank proxies sold tens of billions of dollars of gold and silver futures contracts, forcing prices […]
Gold’s Paper Price “Doesn’t Mean Anything”
In this week’s talk with National Numismatics’ Tom Cloud, he explains why the reported price of gold is not the real price. DollarCollapse: Hi Tom. It’s been a brutal couple of weeks in precious metals. Last time we talked you said that gold could fall to $1,540. Your prediction is close to coming true today, […]
If This Isn’t The Gold Bottom, It’s Close
In this week’s talk with National Numismatics’ Tom Cloud, he covers the tightness in the silver market and why the coming debt ceiling increase is good for gold. DollarCollapse: Hi Tom, the tone of the precious metals markets seems to have shifted from utter despair to cautious optimism. Is this the bottom? Tom Cloud: I’m […]
“Just Be Your Own Central Bank”
The past year has tested the worldview, and sometimes the sanity, of precious metals investors. But it has also given us another chance to load up at what might turn out to be dirt-cheap prices, says Carsten Ringler, managing director of German financial firm TASS Wertpapierhandelsbank GmbH. Here’s an excerpt from a long conversation we […]
“The More Silver You Want, The More You Have To Pay”
In this week’s talk with National Numismatics’ Tom Cloud, we cover the debt ceiling negotiations, futures contract expirations and the activities of his biggest customers (they’re buying silver). DollarCollapse: Hi Tom. It’s been an intense couple of weeks… Tom Cloud: Yes, and it could get more intense. Short futures positions in silver are expiring and […]
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