Tag Archives: Gold

Copper Is Signally Ben Bernanke’s Greatest Fear: Deflation

Precious metals have taken a direct hit this past week as their prices collapsed. Silver dropped over 25% and gold lost over $200/oz. The following article outlines a cogent argument for watching the price of copper. If he is correct, … Continue reading

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A Gold Blast from the Past

An ounce of gold closed at $1867.70 on September 9, 2011. While the merits of buying gold and silver are one of the main topics of discussion today, the main argument against purchasing precious metals is that the price has … Continue reading

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Goldman Sachs Issues A Report Outlining A Worldwide Economic Collapse

Alan Brazil is a strategist at Goldman Sachs who has distributed a report to their institutional clients on August 16th outlining an impending worldwide economic collapse. Considering the 5.27% drop in the stock market in the last 30 days, it … Continue reading

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Where Is the Bank of England’s Gold?

Venezuela will be nationalizing their country’s gold mines and repatriating their gold reserves which amount to $11 billion that are held in foreign banks: Finance Minister Jorge Giordani said that the weakening U.S. dollar, a near-default by the U.S. government … Continue reading

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Is Anyone Home?

The stock market continued its collapse today as it lost another 520 points in heavy volume. Gold is currently at $1792 an ounce as our leaders continue their summer vacation or conduct meetings that produce no results. As shown below, … Continue reading

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Gold American Eagle Sales Suspended

The United States Mint suspended the sale of American Eagles for re-pricing. The move is temporary and sales should be continued later today. This is another example of how the US government has no understanding of the free market. As … Continue reading

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Is It Time to Buy Gold?

Is it time to buy gold? Gold has undergone a meteoric rise in the past month as people flee to the “safe haven of gold”. Although it is reported as reaching new highs, this is not true when adjusted for … Continue reading

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All I Need to Know about the State of Our Economy Is DXY:IND and GLD

DXY:IND is the dollar spot index and GLD is the ETF for gold. The dollar spot index represents the value of our FRN vs. a basket of world currencies. Although the dollar has risen recently, this was an anomaly due to … Continue reading

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What Does the Price of Gold Signify?

Gold closed at $1594.10 an ounce July 15th, 2011. This is an increase of 7.5% in two weeks but the media has not focused its coverage on this important event. The price of gold is determined by two factors: the … Continue reading

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6.52%, 9.2% and 0.95%

  The stock market euphoria over the past two weeks has been used by the administration and media to promote the economic recovery of the United States. In last week’s trading session, the market has increased 5.43%.  So far this week, … Continue reading

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The Dead Cat Bounce by the US Dollar

This is a classic dead cat bounce by the US Dollar as it appears to fight desperately to avoid dropping below the much watched ‘72 level. We say fight, but the real situation is not a fight at all, it’s … Continue reading

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Gold As Bailout Blackmail?

The price of gold has dropped $80 an ounce in the past five days. Has gold lost its luster? Some quick considerations: As reported last week, government central banks were buying gold as a hedge against inflation. Banks are not … Continue reading

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Whoever Has the Most Gold, Wins

The price of gold is currently $1558.30 $1562.40 $1565.70 – up $22.50  $26.40 $29.90 today and the 14th record set in April. The major factor for this increase is not the decline in the value of the dollar but the demand across … Continue reading

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Who’s Got Your Dollar?

The dollar index is a measure of the value of the U.S. dollar relative to majority of its most significant trading partners. This index is similar to other trade-weighted indexes, which also use the exchange rates from the same major … Continue reading

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Systematic and Intentional Destruction of Wealth

Earlier today, David shared his observations on the expansion of the M1 money supply.  This afternoon I checked the “spot” price of gold.  Oh look, movement “up” … Not surprising when an expanding suppy of “exchange media” chases a scarce commodity.

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