Tag Archives: Precious Metals

Sentiment and Positioning When we last discussed the gold sector correction (which had only just begun at the time), we mentioned we would update sentiment and positioning data on occasion. For a while, not much changed in these indicators, but as one would expect, last week’s sharp sell-off did in fact move the needle a bit. Gold – just as nice to look at as it always is, but slightly cheaper since last week. Photo...

Why Krugman, Roubini, Rogoff And Buffett Dislike Gold By Jan Skoyles  Edited by Mark O’Byrne  A couple of weeks ago an article appeared on Bitcoin Magazine entitled ‘Some economists really hate bitcoin’. I read it with a sigh of nostalgia. As someone who has been writing about gold for a few years, I am used to reading similar criticisms as those bitcoin receives from mainstream economists, about gold. As with...

See the introduction and the video for the terms gold basis, co-basis, backwardation and contango. Don’t be a Spruiker On 18 September we said, “the market is in the grips of a mini silver mania (we would not dare say bubble, at least not without trigger warnings).” Since then, we have warned every week that the fundamentals of silver were lousy. Last week we said, “Buying silver right now—at least if you’re buying it...

By Allan Flynn, Guest Post at BullionStar.com Five months have lapsed without decision, since London gold and silver benchmark-rigging class action lawsuits received a cool response in a Manhattan court. Transcripts from April hearings show, in the absence of direct evidence, the claims dissected by a “very skeptical” judge, and criticized by defendants for lack of facts suggesting collusion, among other things. Judge...

A Companion Update to this Year’s “In Gold We Trust” Report Our good friends Ronnie Stoeferle and Mark Valek of Incrementum AG have just published a new chart book, which recaps and updates charts originally shown in this year’s 10th anniversary edition of the “In Gold We Trust” report and provides an overview of recent developments relevant to the gold market. The chart book can be downloaded in PDF form via the...

    The Education Bubble: Is A Harvard MBA Worth $500,000? Written by Peter Diekmeyer   College students are back at their desks this month facing bleak prospects. With tightening job markets leaving kids with no place else to go, universities continue to jack up fees.   The upshot is growing signs that America is in the midst of an “education bubble,” just as big as those in stock, bond, and real estate markets.   Case in point: four years at Harvard University...

College students are back at their desks this month facing bleak prospects. With tightening job markets leaving kids with no place else to go, universities continue to jack up fees. The upshot is growing signs that America is in the midst of an “education bubble,” just as big as those in stock, bond, and real estate markets. Case in point: four years at Harvard University now costs nearly $250,000 [1]. If you want an...

 See the introduction and the video for the terms gold basis, co-basis, backwardation and contango. Are Bank Woes a Good Reason to Buy Silver? Last week, it was the Fed’s magic boosting up the price of silver. This week, the slow slide in the silver price resumed, going all week except during peak fear about the woes of Deutsche Bank. When it looked bleakest—and the potential size of the capital-eating fines was...

See the introduction and the video for the terms gold basis, co-basis, backwardation and contango. Purveyors of Economic Stability It’s almost like magic. The Fed can say something, or in the case of this Wednesday it can say nothing, and gold and especially silver get a boost of rocket fuel. Actually, the Fed said both yes to rate hikes—in the future—and no to a rate hike now. This was good, if not for people, at...

  U.S. Gold Imports from Switzerland Monthly It seems as if the tide has changed as the U.S. imported a record amount of gold from Switzerland in July.  Normally, the flow of gold from the United States has been heading toward Switzerland.  For example, when the U.S. exported a record 691 metric tons (mt) of gold in 2013, Switzerland received 284 mt, which accounted for 41% of the total.  Compare that to the paltry 3...