Posts tagged 'Gold'

This is a bit reminiscent of the underpants business model on South Park. South Park of course showed phase 2 as “???” but the analogy holds.

Silver Doctors / The News Doctors invited me onto their weekly SD Bullion Metals and Markets show to discuss why both the technicals and fundamentals are setting up for an unexpected rally into the summer in gold, silver and the mining shares, specifically the juniors.

In our mid-April report, we highlighted ten market variables we view as bullish for the gold price. During the intervening month, these factors have remained generally supportive, yet spot gold has traced out a 6.28% correction (from an intraday high of $1,295.61 on 4/17 to an intraday low of $1,214.26 on 5/9).

This week, Eric Sprott discusses the troubles in Washington and how this is impacting the prices of gold and silver.

Every now and then a chart appears that provides us with a great opportunity.

A new gold futures contract is being introduced by the Hong Kong Futures Exchange (two contracts actually). The two contracts will be physically settled $US and CNH (offshore renminbi) gold futures contracts. The key to this contract is that it requires physical settlement of the underlying gold, which is a 1 kilo gold bar.

If you can believe the screaming headline, one of the gurus behind one of the gold newsletters is going all-in to gold, buying a million dollars of mining shares. If (1) gold is set to explode to the upside, and (2) mining shares are geared to the gold price, then he stands to get seriously rich(er).

Gold and silver prices are again being manipulated lower and could easily go still lower over the short term. These prices must rise. Readers have heard this before. Why continue to listen to this message? Because the (real) fundamentals in these markets are so extreme and so unsustainable that the bankers cannot continue to hold these markets down.

How will MMT fail? Not because of complexity. Financing a government this way would be technically very simple. The flaw is human nature. If the same officials who contest upcoming elections get to decide what government “needs,” its needs — and the required increase in the money supply — will be endless.

This week, Eric Sprott discusses the recent selloff in the precious metals but also notes some "light at the end of the tunnel".