Is Most Positive Economic News Just Hot Air?
Posted by Investment Rarities 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 Times: Volatility strikes gold and silver
MoneyWeek: How 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
Stuff.co.nz: 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
September 29th, 2011 at 12:00 pm
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.