Last week, we were skeptical of the alleged coming Chinese gold standard and its alleged impact on the gold price. This week, the price of gold fell $15. The price of silver fell 35 cents. We’re not aware of any Chinese silver standard rumors, but perhaps if one were to begin then the price of […]
On Wednesday, retail sales data was published. The numbers were disappointing, and markets roiled. The prices of gold and silver shot up. There was no looking back and both metals ended at their high prices for the week. The euro also jumped up, about a cent and a quarter. Now, of course, gold analysts are […]
The prices of the metals rose a little this holiday (in the UK) week. The phrase, “like watching paint dry,” comes to mind. We will keep it brief this time, though we have one observation to offer. Every dollar-thinking trader in the market is thinking the other traders should begin buying. What are China’s true […]
For a few days early this week, it got exciting. It looked like the dollar might finally resume its collapse. The gold community was all abuzz. Was this the big gold breakout, when gold goes up and up, and gives endless profits to gold investors the way the stock market has been doing these past […]
