June 2013


GOLD CONTINUES TO BLEED FROM THE COMEX

As the paper price of gold falls even lower due to market manipulation, gold continues to bleed from the COMEX Warehouse stocks.  Today, another 156,310 ounces were removed from the Customer inventories.  What is even more interesting is how much gold has been removed from the COMEX since the beginning of the year. If we…

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Step Aside India, China will Buy that Gold

As the Indian Government exercises additional steps to curtail gold imports into the country, China plans to take up the slack by becoming the largest gold consumer in the world in 2013.  Already, Indian gold imports are starting to decline. According to the Bloomberg article, Gold Imports by India Seen Tumbling as Curbs Boost Titan’s…

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Russia Purchased the Majority of Gold Miner’s Production

It’s been rumored that the Russians have been purchasing the majority of their domestic gold production.  Well, according to this Mining Company’s 2012 Annual Report, the Russian Federation was the majority buyer of its domestic gold and silver production. In 2012, Russian based Polymetal International, produced 589,000 ounces of gold and 26.5 million ounces of…

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SILVER COSTS: Much Higher Than Most Realize

There still seems to be huge misunderstanding by many investors as to what it really cost to mine silver.  I still come across individuals and analysts who believe the price of silver is overvalued because it is so cheap to mine the metal.  Part of the reason for this FALLACY, especially from bearish silver analysts,…

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Billionaires Dumping Stocks, Economist Knows Why

(MoneyNews):  Despite the 6.5% stock market rally over the last three months, a handful of billionaires are quietly dumping their American stocks . . . and fast. Warren Buffett, who has been a cheerleader for U.S. stocks for quite some time, is dumping shares at an alarming rate. He recently complained of “disappointing performance” in…

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