Premiums for gold bars hit a record high in Asia on Wednesday as lower spot prices lured more buyers, mainly in China, the world's second biggest consumer of the precious metal, amid tight physical supplies.
Premiums for gold bars in Hong Kong touched a new all-time high of $6 an ounce over spot London prices, up from $5 last week. Singapore premiums ro... read more
It is a sure sign of the systemic breakdown of the global capitalist system that the very measures put in place to try to prevent a crisis are creating the conditions for a financial meltdown beyond even the scale of 2008.
For almost five years the world’s major central banks have pumped an estimated $7 trillion into financial markets with the stated aim of trying to spark an econ... read more
Paper Gold must cease to function. Manipulation without even a concern to conceal is no longer acceptable. Gold bullion must be emancipated from no gold paper gold. The key to the emancipation of physical gold from paper gold is the warehouse supply held primarily by the COMEX.
This supply of gold has been in a distinct and significant down trend for which under present circumstances there s... read more
As virtual fantasy worlds go, Blizzard Entertainment’s Diablo 3
is particularly foreboding. In this multiplayer online game played by millions, witch doctors, demon hunters, and other character types duke it out in a war between angels and demons in a dark world called Sanctuary. The world is reminiscent of Judeo-Christian notions of hell: fire and brimstone, with the added fantasy... read more
The gold market is a complicated global entity. As prices have nosedived this year as a result of investor sell-off, certain corners of the market have showed surprising resilience. In particular, the retail physical market primarily focused in Asia has been extremely robust.
It is not news that gold prices have suffered a painful drop this year, especially in April. This is to be expected s... read more
The Bullish Case
The best argument why silver may be headed higher is the Commitment of Traders Report (the COT). For those that aren't aware, this report is one of the best predictors of the future price movement of silver. It shows the net long position of the large speculators (i.e. hedge funds and managed futures funds) and the net short position of the commercials (i.e.... read more
Hong Kong and Singapore buyers are paying premium of $5 per oz for a gold bar. Dubai buyers are paying a premium of $7-10 per Kg. Turkey was reportedly paying a premium of $25 an oz over London price. India is paying a premium of nearly $40 per 10 gms.
Gold has seen a lot of physical buying int... read more
“How can I prepare for an economic collapse?” is one of the most common questions I get. It usually takes me a second to start to explain how complex such a question is. It’s like asking an auto mechanic, “Say, how do you build a car?” or asking a computer engineer, “What’s all that stuff inside my laptop?”
I do have some first-hand experience in this matter, though. The econ... read more
MADRID (MarketWatch) — Gold prices pushed higher on Wednesday after New York Federal Reserve President William Dudley said the economic outlook is still uncertain ahead of Federal Reserve Chairman Ben Bernanke’s testimony before Congress later in the day.
Gold futures for delivery in June GCM3 +0.76% ... read more