Courtesy of Project Mayhem at Zero Hedge US mint suspends production of gold eagles, gold once again hits all-time highs, Tungsten comes back in fashion, Council on Foreign Relations propaganda rag asserts total dollar collapse “well before 2030″. The Council on Foreign Relations propaganda rag Foreign Affairs latest issue states: At the same time, inreasing [...]
Skip to about the 7:45 mark to hear Rick Santelli say, “Central banks have to be petrified about gold going to $2,000! Didn’t Larry Summers write a paper saying that central banks have to keep a lid on the price of gold for obvious reasons?” It keeps getting more and more interesting with nary a [...]
Gold now at $1,185. What happens when the DXY hits 70 in a few days? And the diagonal, soon to be vertical channel
Gold is on a tear this morning, just breaking $1,182. The dollar is losing serious ground against the Euro during early AM trading. Check out the Euro/Dollar spike in the second chart below.
Vincent Fernando of Money Game RBC has calculated that gold-related shares are currently pricing in a long-term gold price of $940, according to a chart highlighted by FTAlphaville. While such excel-model calculations always need to be taken with a grain of salt, by RBC’s numbers Barrick Gold (ABX) appears as relatively under-valued. It would be [...]
Zero Hedge Early spot gold action indicates something is afoot in the gold market. Hitting an absolute record of $1,164 mere minutes ago, the momentum chasing algo funds are now in the picture, set to do to gold what they have been doing to the S&P futures and the SPY day after day for months [...]
Recent third quarter data from the World Gold Council showed that while gold supply fell 5%, demand (inclusive of investors) fell a much larger 34%. Yet despite this negative disparity between supply and demand change, gold prices rose during the period. Hard Assets Investor: Year-over-year demand has dropped in each of gold’s three market segments: [...]
In a new video, one noted doomsayer, Peter Schiff, takes on another one, Nouriel Roubini, on the subject of gold. Nouriel Roubini believes every asset, including gold, is over-inflated due to the dollar carry trade. Schiff disagrees, and says Roubini doesn’t understand the fundamentals behind gold — that it’s going to keep heading higher as [...]
The gold market continues to steam roll ahead as it gets closer to our $1,300 target zone. As we have stated before, gold is in a fully fledged bull market and sharp pullbacks are to be expected. This is not to say the bull market is over; it is more to say that pullbacks should [...]
The message the market is sending to Bernanke is melting up with each passing day.