Gold Blog Posts for the Week of May 7th
“Someone is selling in size…Someone is buying in size. That’s what makes markets, as the saying goes. But that’s also what makes market manipulations…” Daily Reckoning
“The Kitco website went down for scheduled maintenance for about two and a half hours in the wee hours of Friday morning…and did not come back on line until after I’d hit the ‘send’ button on Friday’s column. During that time, the low price print for gold was in for the day…and maybe even for this move down…” Ed Steer’s Silver & Gold Daily
“The latest sales figures from the U.S. Mint show a continuing trend of lower gold bullion coin sales. Sales of American Gold Eagle bullion coins hit an all time high in 2009 when the Mint sold 1,435,000 ounces. During 2010, sales declined to 1.2 million ounces and in 2011 only 1 million ounces of gold bullion coins were sold…” The Gold and Silver Blog
Gold Blog Posts for the Week of April 3rd (Happy Easter!)
“One of the problems with the debate over the “national debt” is that there’s no generally agreed upon definition of that term. Is it what the federal government owes, or what it owes foreigners, or what the whole country, private and public sector together, owes? Does it include off-balance-sheet items and contingent liabilities…” Dollar Collapse
“Aside from Silver Wheaton (SLW) trading at just over $3/share back during the peak of the financial crisis, I have not seen such a potentially attractive valuation among the Royalty Companies. Sure Royal Gold (RGLD); Franco- Nevada (FNNVF.PK) will provide investors with high annual returns over the next decade, but nothing compared to the returns some miners will produce. I’m a strong advocate of investing in mining companies, but believe having one or two royalty companies should be a core part of an individual’s overall investment in this industry…” The Gold Economy
“…the American banks are loaded with money and the only way for them to invest it is through the stock Market…” The Gold and Silver Forecast
Gold Blog Posts for the Week of March 6th
“The proposed budget plan would require hardrock mining companies operating on both public and private lands to pay a royalty payment of at least five percent of gross proceeds and end claim rights in favor of leasing agreements with the federal government.” Gold Investing News
“My jaw literally dropped when I heard the Fed’s general counsel declare that the Federal Reserve owns no gold.” Gold News
“Stephen Jen from the hedge fund Blue Gold Capital has a warning for those who think that gold has risen far too high, is necessarily in a speculative bubble, and must soon come clattering back down.” The Telegraph
Gold Blog Posts for the Week of February 13th
“The price of gold shot up yesterday. Reports said investors were betting on another round of “quantitative easing,” aka money printing.” The Daily Reckoning
“The carrying cost of gold and silver bullion will remain more or less zero, while all manner of “risk-on” strategies and carry trades will generate virtually guaranteed returns.” Dollar Collapse
“As I mentioned in ‘The Wrap’ section of yesterday’s column, the gold price didn’t do much in the Far East on Friday until about fifteen minutes before the London open…and then a not-for-profit seller showed up on the Globex trading system…and had gold down about fifteen bucks in short order.” Gold and Silver Daily
Gold Blog Posts for the Week of January 16th
“Will gold soar this year as central banks go wild with money printing? Or will gold collapse as debt defaults overwhelm the system and propel the world economy into a deflationary black hole?” Gold and Silver Blog
“Gold serves as the basis of the global monetary system for the simple reason that it exists as a finite, physical store of value.” Bill’s Blog
“More investors are now considering gold coins an attractive investment option and a means to hedge their investment against inflation.” Learn Gold Coins
Gold Blog Posts for the Week of January 2nd. Happy New Year!
“It was fun while it lasted. We Baby Boomers got to diss our elders when we were young and borrow without restraint through middle-age. Few generations have traveled such a smooth stretch of financial/psychological highway…” Dollar Collapse
“The gold price spent the entire trading day on Friday in the black, with the high of the day coming shortly before lunch in New York. From there it got sold off about a percent by the close of Comex trading at 1:30 p.m. Eastern time…and then did nothing into the close of electronic trading at 5:15 p.m. Eastern time… Ed Steer’s Gold and Silver Daily
“Despite the recent set back in gold prices due to panic selling by investors, gold has still racked up an impressive 15.7% gain with a price increase of $218 per ounce since the first of the year. So how does a hedge fund manager with one of the best track records in the industry wind up losing over 10% on his gold portfolio?” Gold and Silver Blog
“It’s a scandal how little talk there is of what really amounts to a national calamity: youth unemployment. It soared after the recession began in 2008, and it only grew higher after the recession supposedly ended. It is approaching 19% according to the official data. But official data tell only trends and part of the story. They don’t reflect the ghastly reality on the ground.” Whiskey and Gunpowder
Gold Blog Posts for the Week of Dec 12th
“Right now you’re probably thinking that gold bullion investing is something best left to the pros. Yes, the majority of traders making noise are professional investors. But there are some easy ways to get into the bullion market, and gold could be a good investment for you.” Gold Buying Blog
“Lately, new gold trends have taken off that have proven more popular than the traditional yellow and platinum gold. Specifically, chocolate diamonds, canary diamonds and rose gold have taken the reigns as popular forms of luxury jewelry.” cash4gold
“China’s Role in the Gold Market : China has admitted what many gold bugs have long speculated: it’s been stockpiling gold since 2003. That accounts for only about 1.6% of China’s total foreign exchange holdings and is little more than one-tenth of the value of the U.S. gold reserve, the world’s biggest.” Goldbasics
Gold Blog Posts for the Week of Nov 21st. Happy Thanksgiving!
“China has been steadily adding to its gold reserves as it attempts to diversify its huge holdings of foreign currency. From only 395 tonnes in 1988, the Chinese central bank has increased its gold reserves to 1,054 tonnes. As the largest foreign holder of U.S. Treasury debt, the Chinese have complained loudly about America’s addiction to debt and the nonstop efforts of the Federal Reserve to debase the U.S. dollar.” Gold and Silver Blog
“Gold rose today despite turmoil in Austria, Hungary, and France. The closing gold price on the comex today was $1702.20 for a gain of $23.90. The price of silver rose by $1.84 to $32.95. The big news was the massive silver withdrawal by the customer which I will highlight for you in the body of my commentary. Due to the MFGlobal scandal nobody deems that their physical is safe in a comex-banker vault. Let us head over to the comex and see the strange data released today.” Harvey Organ’s-The Daily Gold and Silver Report
“Since gold topped in September at $1920, the Establishment has continued to disparage gold, nearly always warning of gold’s volatility. The warning is valid. Gold is volatile because its price reflects the emotions of buyers and sellers.” Bill’s Blog
More good stuff from around the web as of Nov 14th. Have a great week.
“TSYs just opened (after being closed Friday) with a 4-7bps bear steepener and 2s10s30s rising 8bps. ES is pretty much in line with CONTEXT at 1269 now all the risk drivers are open…” Zerohedge
“There are so many easy reasons to be a pessimist today: the world financial crisis, the discord and dysfunction in Washington, and the almost certain doom that many scientists claim we are facing from global warming. With the first high profile cleantech company failures, the euphoria of the cleantech bubble has burst creating pessimism about the future of cleantech as a whole…” GreenGold
“The first problem I have with buying gold coins are the transaction costs. For example, based on some quick research, it looks like one faces a 5% premium over the price of gold plus shipping costs in order to purchase gold coins. I imagine that you’d lose most of that premium when selling, resulting in a significant bid/ask spread…” Big Mike’s Contrarian Investing Blog
Some interesting blog posts from around the web for the week of October 31st (Happy Halloween!)
“The US Mint’s latest monthly reports on the sale of American Silver Eagle bullion sales show that investor buying has hit all time record levels…” Gold and Silver Blog
“In a recently released report, Gold: alternative investment, foundation asset, the World Gold Council makes a case for mainstream investors adding gold to their portfolios, whether those portfolios hold traditional or non-traditional investments, such as private equity, hedge funds, real estate and commodities. The WGC’s work suggests that holding gold to as little as 3.3% to 7.5% of the portfolio enhances portfolio performance…” Bill’s Blog
“…I have been reading commentators talking about the US Dollar and how the Commitment of Traders is extremely bearish because the “commercials” are bearish on the US Dollar and they are the “smart” money. But are these insiders the smart money for all of the different futures contracts and are they usually right? Of course not…” Gold Versus Paper
“The price of gold held pretty good today down by $13.20 as the bankers thought that a raid was necessary to dampen the mood of our precious metals. The comex closing price was $1711.00 The price of silver fell badly by $1.64 to $32.77…” Harvey Organ’s – The Daily Gold and Silver Report
