News Articles

In case anyone is wondering, the long-term bull for gold remains intact. However, it sure doesn’t feel like it. The daily trend is down, the weekly trend is down and the monthly trend is down. So how can the long-term bull remain intact? It is based on the . . . .

Two key themes have emerged during 2013: the rising level of consumer demand off-setting outflows from ETFs, and the geographical flow of gold from western to eastern markets. In addition, a key development of the third quarter was a quarter-on-quarter decline in demand, the first Q2-Q3 drop since 2007. Two key factors contributed to this decline, the primary explanation being . . . .

China, Russia and other nations are exiting their dollar-denominated holdings in favor of gold. This action should put pressure on the dollar and U.S. treasuries, pushing not only central banks, but mainstream investors towards the safety of precious metals and other tangible assets that cannot be defaulted on. There will be a rush out of dollars and into assets with no counter-party risk, it is just a matter of how soon it happens . . . .

Yesterday, Du Haiqing, the vice general manager of China Gold Group (China’s largest gold producer) told a gold industry conference in China that China’s current gold consumption level cannot be sustained . . . .

Investor sentiment towards precious metals is at the lowest level in over a decade. Many analysts believe the bull market is over and are calling for sub-$1,000 gold in 2014. Even diehard gold bugs are losing faith, as the correction has been longer and more severe than most had anticipated.

So, is it time to throw in the towel? Is the bull market in precious metals really over . . . .

Apr-Sep seizures higher than in past 24 months; annual haul set to be 50% higher than total of past decade; at least 90% of illegal flow estimated to get in . . . .

Gold inched up in London as the dollar fell to a two year low against the euro. The yellow metal is on track for a four week high, as investors buy precious metals on increased safe haven demand. The poor economic data published recently in the U.S. is signalling that the economic recovery is on shaky ground, and this has increased the allure of bullion. . . . .

I have every reason to believe gold will easily hit $5,000, or higher, by mid-2016 . . . .

China has just one thing to say to all those who engage in the now daily slam downs of gold just around the time of the London fixing ... "thanks." China has imported an unprecedented 2,116 gross tons of gold from Hong Kong (in addition to the hundreds of tons produced domestically), for the first time crossing the 2k gross ton import barrier in a two year period!

Indeed, in a "shocking" turn of events, China actually buys more physical gold when the price is lower than higher . . . .

If “they” can get you to ask the wrong questions[s], “they” do not have to worry about giving the right answer[s].

The question most have been asking is, why aren’t the prices of gold and silver reflecting the unprecedented huge demand and the almost depleted holdings of the exchanges and central banks?

Article after article has been retelling the stories of long lines to buy silver and gold, all over the world, Russia and China buying . . . .