Month: November 2014

Russia Buys Gold

While it is true the Russian central bank has been buying increasing amounts of gold, it is not totally clear what sorts of motivations are behind the buying. Though when one looks at Vladimir Putin’s recent statements, it does become clearer what these might be in order to leverage in an increasingly multi-polar world, moved away from the more dollar-based system.

Forbes thinks it is more likely “a small financial detail, a little wriggle in Russian public policy about precious metals sales.” Read More

This Is The Woman Revolutionizing Precious Metals

Ruth Crowell is modernizing the precious-metals industry. She oversaw the update of the silver fix, which had been around since 1897. Shortly thereafter, she was on to changing the way the world sets the gold price, which had been done the same way for 95 years. The 34-year-old American, who had spent seven years at the London Bullion Market Association after coming on as a temp worker, has become the international trade group’s first female chief executive. Read More

Silver Is Undervalued & Widely Ignored. Is It A Timely Investment?

Is silver undervalued, widely ignored, and intriguing?

Are these price levels the opportunity that precious metals investors have been waiting for? Is the time now?

For many so-called “silverbugs” the answer is “yes.” Read More

Another Billion Dollar Gold Sale At Illiquid Trading Hours

Overnight someone sold 1.2 million ounces of gold and it brought the price of gold down $12. That’s about a billion dollar trade. Here’s the chart showing the liquidation. As ZeroHedge writes,

For the 5th day in a row, “someone” has decided that 0030ET would be an appropriate time(assuming the ‘seller’ is an investor who prefers best execution rather than the standard non-economically-rational share-repurchaser in America) to be dumping large amounts of precious metals positions via the futures market. Tonight, with over 13,000 contracts being flushed through Gold – amounting to over $1.5 billion notional, gold prices tumbled $20 to $1151 (its lowest level since April 2010). Silver is well through $16 and back at Feb 2010 lows. The USDollar is also surging.

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This Sign From The Press Could Be Bearish For Gold

The mainstream is alit with stories covering gold and silver now that each has fallen through any semblance of resistance.  CNBC is leading the charge, having published six stories in the 24 hours preceding 4:30pm PST on Tuesday. The six stories are as follows:

What caused the ‘Vomiting Camel’ pattern in gold?

Gold edges up from 4-year low as dollar rally pauses

Here’s the tragic irony of the gold bubble: Pro

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