I'm also watching the flows of physical metal into the world's mutual funds and ETFs, which continues unabated -- and at a rabid pace. The amount of silver and gold going into these funds continues to outpace world mining production -- and the amount of silver that JPMorgan has been ordered to part with, or is prepared to sell, is finite. The same can be said of how much unallocated gold there is available in London, as that's most certainly the source for a large percentage of the gold that…
In this show, two more top financial guests including Peter Schiff – our guest expects more trouble in the global reserve currency as the world continues to lose faith in the Fed’s ability to rescue the domestic economic vessel. He agrees the PMs are only starting to perk up after a decade of doldrums, with incredible opportunities ahead for investors.
Gold and silver prices surged again this week, although both metals were hit on Friday. The disconnect between the valuation of mining equities relative to the underlying commodity prices seems to be expanding.
However, when compared to the magnitude of gold gains over a secular cycle, the recent price movements have been quite small in comparison to what history shows us could be on the way
How much higher can gold go? Bank of America raised its 18-month target price to US$3,000 an ounce, due to dovish central bank policies; Goldman Sachs analysts have their eye on $2,300, based on similar concerns over currency debasement.
Spin it up, Boys! Spin it up high! The Labor Department should go into the money-laundering business because they own the fastest-spinning, number-washing machine out there.
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