Is Most Positive Economic News Just Hot Air?

Posted by on September 28th 2011 in China, Federal Reserve, GATA, Gold, Monetary Policy, Quants, Short Sellers, Silver, Wall Street | 1 comment

Weighing the comeback prospects for gold and silver, Mineweb‘s Lawrence Williams sees the possibility of “a few more months of fluctuating precious metals prices depending on the flow of positive and negative economic news. But one gets the impression that most of the positive news which comes out these days is so much hot air as politicians and Central Bankers vainly try to convince the world that they are in control – when they are patently not.  That has to be a recipe for gold and silver to return to their strong upwards path.  The only question really is how long they will take to do so and much of that depends on whether national financial and banking collapses can be staved off indefinitely.  One fears not.”

Related Links:

Dow Jones:  Gold, silver dive in cash rush

Financial TimesVolatility strikes gold and silver

MoneyWeekHow far will gold fall?

Economic Times:  UBS Wealth Management:  Gold remains safe haven, a buying opportunity right now

Bloomberg:  Europe central banks’ gold sales are least since 1999 accord  Plunge in price of gold ‘all electronic’

Reuters:  In “dash for cash,” gold ETF investors hold on

CNN Money:  “Retail investors don’t appear to be looting their gold holdings”

KWN:  Stephen Leeb – How the gold & silver bull will rescue you

Seeking Alpha:  Silver liquidation sale: Save 30%, Everything must go

Jim Cook:  The paper caper

Avery Goodman:  Seems like Mexico purchased 110 tons of gold that don’t exist

Financial Times:  Vietman:  Paying extra for gold

GATA:  Vietnam hopes to rig domestic gold market before others do

Forbes:  The Chinese mean to control the global gold market

BBC/Daily Bell Quant trading: How mathematicians rule the markets; Horror of the quants

One Response to “Is Most Positive Economic News Just Hot Air?”

  1. Gold Rate Says:

    It’s interesting today how this news of the EFSF fund basically allows more euro creation. The initial reaction was gold selling off. But it may have been a false break as anyone really paying attention realizes this will eventually lead to more currency debasement. Good time to buy physical gold.