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Thanks at least partly to contrary investing legend Gordon “Goldfinger” Brown, who sold 395 tons (60%) of the UK’s gold reserves between 1999 and 2002 for a whopping average price of $275 per pound (Wikipedia), central banks have been known as contrary indicators on gold. With the masters of the universe now beginning to load […]
Out of the entire commodity sector, gold has the greatest tendency to disconnect from its underlying supply and demand fundamentals. Still, though, the fundamentals act as a rubber band on its price – when supply overtakes demand, prices will eventually fall. And of course, the opposite is also true. Thus, gold bulls are keeping an […]
Great piece of coverage here by the Onion News Network, as they uncover a desperation move by the US Treasury to raise funds by trading gold reserves through Cash4Gold.com. Enjoy! US To Trade Gold Reserves For Cash Through Cash4Gold.com Hat tip to our friends at The Daily Crux for finding this gem.
I’ve learned – the hard way – that the best way to time the gold market – is not to time it at all. Remember last summer after the government bailed out Fannie/Freddie, and it looked like a sure bet that gold was heading to the moon? Well that didn’t pan out – yet. […]
Jim Rogers says that IMF sales of gold could drive the price of the barbarous relic below $700/ounce. Rogers told Bloomberg: ”The fact is that IMF is trying to get permission from everybody to sell gold. I don’t know it will succeed or not. But if and when IMF sells its gold, gold prices may […]
According to Wikipedia, the Tilt is a state of mental confusion in which a poker player adopts a less than optimal strategy, usually resulting in the player becoming over-agreesive. In this guest piece, Jeff Clark, one of our favorite analysts, explores how global economics are now “on Tilt”, driven, with wreckless decision after wreckless decision […]
In this article, the editors of Casey Research’s Big Gold publication analyze the dubious trading history of Gordon Brown when it comes to gold. Goldfinger Brown Rides AgainBy the editors of BIG GOLD All the hot air emanating from the participants of the just concluded G20 Summit in London has, with the help of the […]
The world’s major central banks are expected to reduce sales and lending of their gold bullion reserves this year, MarketWatch reports. Because central banks hold a significant portion of above-ground gold in the world – over 15% of it, the article reports – reduced selling by the banks could weigh on gold supplies. If you […]
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