The tactic by the Fed and Central Banks is to inflate the stock markets while manipulating the price of gold and silver lower. This achieves two goals, 1) it reassures the public’s faith by pumping up stock prices while the economic indicators continue to deteriorate and 2) it elevates the dollar while it destroys market sentiment in the…
JP Morgan drops another 22,759 oz of gold (14%) from their Eligible Inventories. They now only have 137,377 oz available in their Eligible Category. Furthermore, 32,049 oz of gold were withdrawn from Scotia Mocatta’s Eligible inventories, now reducing the total gold in the Comex vaults below 8 million oz.
Each passing day, the world gets closer to a total collapse of the global fiat monetary system. After the United States unilaterally terminated the convertibility of the U.S. Dollar to gold in 1971, the world has been settling trade on borrowed time. It was full faith in the dollar and U.S. Treasury market that allowed global…
The recent takedown in the price of gold has created huge demand for physical bullion worldwide. India’s wholesale buyers are only receiving a tenth of the gold imports that they have ordered. According to The Economic Times India article: Haresh Soni, chairman of the All India Gem and Jewellery Trade Federation,…
The top primary silver mining company in the world, Fresnillo LLC saw its averge silver yield decline 13% in 2012. The large percentage of the decline came from its flagship Fresnillo mine whose average silver ore grade fell from 396 g/t in 2011 to 328 g/t in 2012. The figures for the chart above…
The notion that silver has been recently trading more like a base metal is more a fallacy than fact. Some of the top technical analysts have been stating that the reason why the price of silver has not held up as well as gold is due to the fact that silver trades…