Don't they know we're at 5yr lows for demand? I mean jeez guys there's just *no way* the Mint can be sold out, no one wants crummy $15 silver, it's all over the markets duh.
On another note, wonder how much gold they have left?
China hacks massive amount of Federal data
USA begins knocking down Chinese stock markets
China counters messing with NYSE
I can be validated when we see physical manifestation with some sort of development in South China Sea very soon.
Hey, if billionaire Robert Friedland can make a bad call on IVAN, I won't hold it against GV either. So, I'll ask you, does this mean AUY is going to $0.28/sh? I'm still confused. Don't buy AUY because the bad GV made a bad call along with $B investors highlighted in Forbes? GV seems to be an AUY bull but you're saying don't trust him.
But are you saying that since GV is posting here therefore AUY is a bad investment? I just don't understand the warning.
Does that mean you are advising that AUY is going to $0.28/sh also? IVAN was also backed by Robert Friedland. Not sure what any of your post has to do with AUY.
They'll report being net buyers of gold no doubt but the China balance sheet and broader stock market are not so strong as to sway Europe to price oil in Yuan, etc. it's too soon for all that. I'm sure Russia will talk it up, and take some steps forward but that'll be about all. Just posturing, saber rattling if you will. China could suspend Yuan trading and halt international settlements if they want to, you won't see that with USD and why king dollar will linger quite a while yet
They aren't scaring anyone, that's a 2008 story. They're making everyone upset through being so blatent. Forbes reported on the Q4 gold manipulation findings actually led to nominal punitive actions. I don't understand. They've been caught manipulating the market time and time again, but they never change the rules. All we need is uptick rule.
They will never raise rates. Try telling $T banksters that free T-bill interest is coming to an end and suddenly those photos from that party with that thing from those years ago start to surface.
Can Khazakhstan adequately defend their $8B of gold holdings? They are on a buying spree in a less than desirably safe area of the world.
6-month low is also the 5-year low. I missed the part where gold was in abundance and USD was in short supply. How could gold be trading at 2010 levels?
I hadn't heard about that but there's some promising research about pot's neuroprotectant properties worth taking a look at
I suppose I couldn't be a gold bug if I didn't have a sort of hatred for debt financing a business- especially one that indirectly supports global economic fraud through forfeiting all leverage to be anything but a pawn for banking derivatives.
You're right of course with oil and holding and futures and the real parties transacting. But I submit that in the current environment any miner with sufficient balance sheet strength would be better served liquidating some holdings and paying down debt while accumulating gold from what remains. I will call this the prudent miner. I believe the current environment bides the prudent miner to wait out the spot market than to go to contract.