This past Friday was a near carbon copy of the previous Friday for the precious metals. Both were “outside reversal” days where the overnight and morning sessions were quite weak, only to bottom and then reverse to the upside strongly on...
I mentioned earlier that I wanted to revisit the current GOFO rate situation and also the huge anomaly which occurred on the COMEX not once, but two days in a row to end last week. I have written several times regarding "GOFO" which is...
Gold and silver price manipulation, "we" have talked and written about it for years. I can still remember speaking two or three times a week with the late Harry Bingham back in 1997 and '98 regarding this topic. No matter what "event"...
Alasdair Macleod of Goldmoney.com put out a piece last week which suggests China may already have accumulated between 20,000 and 25,000 tons of gold prior to 2002. Please read this very carefully as it makes very good sense and puts a...
How much gold is really out there? This is a good question and rather than debate whether the "official" statistics are correct or not I will assume they are. I will make this assumption because even if they are true (which they are not...
I promised yesterday to answer the question "why?" is it that silver and gold are manipulated. Some people say "who cares?". Some don't believe it while others don't even have clue that it's happening. "Gold bugs" for the most part are...
I have had many people tell me they agree with my thought process on events but don't understand "why" or "how" the financial system has held together. Why of course is the easy part, no one wants to see the system come apart at the seams...
I will answer the title's question first with a flat "NO" and then explain. Thursday, Vladimir Putin made the comments "Russia should aim to sell its oil and gas for roubles globally because the dollar monopoly in energy trade was damaging...
Coming into this weekend we had an “information overload” of sorts. So many moving parts all of which are important and any one of them capable of being THE black swan that “blindsides” the markets even though they are nearly all visible...