A new market for precious metals opens tonight. It’ll be very interesting, to say the least, to see how this plays out. We’ve talked often about manipulation in the precious metals sector. There are two main facets of it. One – that central banks can trade between each other, affecting markets. They can also dump [...]
May 9, 2012
Gold’s Vitals Reviving Today
Again we had a rough night in the metals’ market. Sellers outnumbered buyers, driving the price down a bit in both gold and silver. But is that all there is to the story? Hardly… We’ve often pointed out that we may very well get lower lows before the next rally. While mainstream continues to give [...]
May 8, 2012
Is Gold Losing its Luster?
Gold is taking a beating this week, in more ways than one. For anyone who’s following the market, it’s obvious that gold priced in dollars is struggling. There are likely many reasons for this, not the least of which is the dollar strengthening in light of European turmoil. Watch for spins from governments attempting to [...]
May 7, 2012
Euro Closer to Precipice
This weekend France officially declared itself a socialist state. While it’s been largely socialist in practice for many years, this is the first time in many years that a socialist platform won the elections. Hollande has vowed to tax millionaires, corporations and any other source of deep pockets in an effort to fix the country’s [...]
May 4, 2012
Silver Coiling for Surge
As we approach Cinco de Mayo we look back on an eventful, if not decisive, week. Major indices have shed some weight this week, but so have metals. Today the dollar was up, but so were metals. Europe is holding its breath as election weekend arrives for France and Greece. I was chatting with a [...]
May 3, 2012
Markets are Bleeding Across the Board
Today’s action has been tough on precious metals holders. We like the good days, when our “real” money goes up against the fiat currency of our day. It isn’t just encouraging because we profit. It’s encouraging because, somehow in the depth of our being, we know it’s right. In this, we are affirmed in our [...]
May 2, 2012
GATA’s Christ Powell Interviewed re: Market Manipulation
Today I have some brief comments on two topics that are largely unrelated. However, both affect us greatly and contribute to dynamics that affect precious metals. The first is the recent arrest of over 100 doctors, nurses and supporting staff in what is the largest Medicare fraud bust ever, totaling over $450 million. You can [...]
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May 10, 2012